9.Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $321,400 and $354,300, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of: Group of answer choices $5,117,100 $5,150,000 $5,192,900 $5,182,900

9.Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $321,400 and $354,300, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of: Group of answer choices $5,117,100 $5,150,000 $5,192,900 $5,182,900

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.18E

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