Blue Bayou, a fi ctitious advertising company, reported revenues of $50 million, totalexpenses of $35 million, and net income of $15 million in the most recent year. Ifaccounts receivable decreased by $12 million, how much cash did the company receivefrom customers?A . $38 million.B . $50 million.C . $62 million.

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
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Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 14E
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Blue Bayou, a fi ctitious advertising company, reported revenues of $50 million, total
expenses of $35 million, and net income of $15 million in the most recent year. If
accounts receivable decreased by $12 million, how much cash did the company receive
from customers?
A . $38 million.
B . $50 million.
C . $62 million.

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