Business

11 May, 09:03

Bracken, Inc. uses the direct method to determine its cash flow from operations. During the year, it had sales revenue of $480,000. Its beginning Accounts Receivable balance was $48,000, and its ending Accounts Receivable balance was $64,000. Its cash collected from customers for the year was:Multiple Choice

a. $480,000.

b. $464,000.

c. $496,000.

d. $592,000.

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