Question: Seved Help Save & Exit Submit 1 - Chapter 1 2. 3 and 4 MC Qu. 92 Tropical Tours reported revenue of... Tropical Tours reported
Seved Help Save & Exit Submit 1 - Chapter 1 2. 3 and 4 MC Qu. 92 Tropical Tours reported revenue of... Tropical Tours reported revenue of $400,000 for its year ended December 31, 2018. Accounts receivable at December 31, 2017 and 2018, were $35,000 and $31,700, respectively. Using the direct method for reporting cash flows from operating activities, Tropical Tours would report cash collected from customers of: Multiple Choice O $435,000 O $400,000 $403,300 $396,700
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