Home / Questions / Emily Enterprises’ comparative balance sheets included accounts receivable of $224600 at D...
Emily Enterprises’ comparative balance sheets included accounts receivable of $224,600 at December 31, 2015, and $205,700 at December 31, 2016. Sales reported on Emily’s 2016 income statement amounted to $3,250,000. What is die amount of cash collections that Emily will report in the Operating Activities category of its 2016 statement of cash flows assuming that the direct method is used?
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