On december 31 2011 wellstone company reported net income, Ask an Expert

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On December 31, 2011, Wellstone Company reported net income of $70,000 and sales of $210,000. The company also reported beginning and ending accounts receivable at $20,000 and $25,000, respectively. Wellstone will report cash collected from customers in its 2011 statement of cash flows (direct method) in the amount of:

A. $215,000.

B. $285,000.

C. $135,000.

D. $205,000.

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Accounting Basics, Accounting

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