11. A benefit of using the direct method rather than the indirect method when reporting operating cash flows is that the direct method: (15) is easier and less costly. provides specific information on the sources of operating cash flows. mirrors a forecasting approach. 12. Mabel Corporation (MC) reported accounts receivable of $66 million at the end of its second fiscal quarter. MC had revenues of $72 million for its third fiscal quarter and reported accounts receivable of $55 million at the end of its third fiscal quarter. Based on this information, the amount of cash MC collected from customers during the third fiscal quarter is: (15) $83 million. $72 million. $61 million 13. When computing net cash flow from operating activities using the indirect method, an addition to net income is most likely to occur when there is a: (1) gain on the sale of an asset. decrease in a deferred tax liability. loss on the retirement of debt. 14. Red Road Company, a consulting company, reported total revenues of $100 million, total expenses of $80 million, and net income of $20 million in the most recent year. If accounts receivable increased by $10 million, how much cash did the company receive from customers? (15) $90 million. $110 million. $100 million