Question: Avatar Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2015: 1) Sales

Avatar Company uses the direct method to prepare its statement of

Avatar Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2015: 1) Sales Revenue, $515,000 2) Accounts Receivable, beginning balance, $92,000 3) Accounts Receivable, ending balance, $57,000 In the operating activities section of the statement of cash flows, what amount will be shown for collections from customers? A) $366,000 B) $149,000 C) $458,000 D) $550,000

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