Tropical Tours reported revenue of $413,000 for its year ended December 31, 2018. Accounts receivable at December 31, 2017 and 2018, were $35,700 and $31,900, respectively. Using the direct method for reporting cash flows from operating activities, Tropical Tours would report cash collected from customers of:

A). $409,200

B). $413,000

C). $416,800

D). $448,700

Answer rating: 100% (QA)

cash collected from customers of C416800 Dear Student Thank you ... View the full answer