Sweetson Enterprises' Comparative Balance Sheets Included Accounts Receivable of $220,300

Sweetson Enterprises' comparative balance sheets included accounts receivable of $220,300 at December 31, 2016, and $200,900 at December 31, 2017.Sales reported on Sweetson's 2017 income statement amounted to $2,350,000.What is the amount of cash collections that Sweetson will report in the Operating Activities category of its 2017 statement of cash flows assuming that the direct method is used? ​

A) $2,369,400
B) $2,350,000
C) $2,771,200
D) $2,330,600

Correct Answer:

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