Multiple Choice Question 92 Coronado Industries prepares its statement of cash flows using the direct method for operating activities For the year ended December 31, 2018, Coronado Industries reports the following activity Sales on account $2010000 Cash sales 1101000 Decrease in accounts receivable 917000 Increase in accounts payable 106000 Increase in inventory 79000 Cost of good sold 1577000 What is the amount of cash collections from customers reported by Coronado Industries for the year ended December 31, 2018 $4028000 $2194000 $2927000 $3111000

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Question: Multiple Choice Question 92 Coronado Industries prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31,

Multiple Choice Question 92

Coronado Industries prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Coronado Industries reports the following activity:

Sales on account	$2010000
Cash sales	1101000
Decrease in accounts receivable	917000
Increase in accounts payable	106000
Increase in inventory	79000
Cost of good sold	1577000

What is the amount of cash collections from customers reported by Coronado Industries for the year ended December 31, 2018?

$4028000

$2194000

$2927000

$3111000

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