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Cash Collections-Direct Method

Emily Enterprises' comparative balance sheets included accounts receivable of $224,600 at December 31, 2013, and $205,700 at December 31, 2014. Sales reported on Emily's 2014 income statement amounted to $2,250,000. What is the amount of cash collections that Emily will report in the Operat- ing Activities category of its 2014 statement of cash flows assuming that the direct method is used?

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Category:- Accounting Basics
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