24) A company reported sales of $320,000 this year. The following is also available:
Balance at the beginning of this year $40,000
Balance at end of this year $25,000
On the statement of cash flow (direct method), what amount would be reported for "cash collected from customers" for this year?
Please select one of the following answers stated above.© BrainMass Inc. brainmass.com June 3, 2020, 4:50 pm ad1c9bdddf
The solution calculates the cash collection from customers.