Northfield Appliances reported annual sales revenue of $2,750,000. During the year, accounts receivable increased from a $78,000 beginning balance to a $93,000 ending balance. Accounts payable increased from a $62,000 beginning balance to a $89,000 ending balance. How much is cash received from customers for the year? A. $3,130,000 B. $3,135,000 C. $2,735,000 D. $3,100,000

Northfield Appliances reported annual sales revenue of $2,750,000. During the year, accounts receivable increased from a $78,000 beginning balance to a $93,000 ending balance. Accounts payable increased from a $62,000 beginning balance to a $89,000 ending balance. How much is cash received from customers for the year? A. $3,130,000 B. $3,135,000 C. $2,735,000 D. $3,100,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MC

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