Col Corporation reported credit sales of $150,000 for 2010. Cols accounts receivable from sales were $25,000 at

Question:

Col Corporation reported credit sales of $150,000 for 2010. Col’s accounts receivable from sales were $25,000 at the beginning of 2010 and $38,000 at the end of 2010. What was the amount of cash collected from sales in 2010? How would this cash be classified on the statement of cash flows?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...