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Business, 30.10.2019 19:31 paytonxxburns05

Tropical tours reported revenue of $400,000 for its year ended december 31, 2021. accounts receivable at december 31, 2020 and 2021, were $35,000 and $32,000, respectively. using the direct method for reporting cash flows from operating activities, tropical tours would report cash collected from customers of:

(a) $400,000.
(b) $397,000.
(c) $403,000.
(d) $365,000.

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Answers: 1

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Tropical tours reported revenue of $400,000 for its year ended december 31, 2021. accounts receivabl...

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