Question: Williams Media Inc s comparative balance sheets included accounts receivable of

Williams Media, Inc.’s comparative balance sheets included accounts receivable of $100,000 on December 31, 2008, and $125,000 on December 31, 2009. Sales of consulting services reported by Williams Media on its 2009 income statement amounted to $2 million.

Required
What is the amount of cash collections that Williams Media should report in the Operating section of its 2009 statement of cash flows, assuming that the direct method is used?


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  • CreatedMarch 11, 2015
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