Question: Assume Cramer uses the direct method to prepare the statement of cash flows. Credit sales totaled $750,000, accounts receivable increased by $40,000, and accounts payable

Assume Cramer uses the direct method to prepare the statement of cash flows. Credit sales totaled $750,000, accounts receivable increased by $40,000, and accounts payable decreased by $25,000. How much cash did the company collect from customers?

a. $710,000

b. $735,000

c. $790,000

d. $750,000

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