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

Darling Enterprises' comparative balance sheets included accounts receivable of $220,300 at December 31,2013,and $200,900 at December 31,2014.Sales reported on Darling's
2014 income statement amounted to $2,350,000.What is the amount of cash collections
That Darling will report in the Operating Activities category of its 2014 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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