Pomander Inc had the following information related to last year's sales: Cash sales $107,500 Credit sales 250,000 Accounts receivable - beginning 10,000 Accounts receivable - ending 14,000 What amount would be reported as "cash collections from customers" on the statement of cash flows using the direct method?
A) $254,000
B) $381,500
C) $111,500
D) $353,500
D
Business
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