14 of 16 On December 31, 2021, Tiras Company reported net income of $82,000 and sales of $280,000. The company also reported beginning and ending accounts receivable at $28,000 and $34,600, respectively. Tiras will report cash collected from customers in its 2021 statement of cash flows (indirect method in the amount of $0 $245,400 $286,600 $342,600
14 of 16 On December 31, 2021, Tiras Company reported net income of $82,000 and sales of $280,000. The company also reported beginning and ending accounts receivable at $28,000 and $34,600, respectively. Tiras will report cash collected from customers in its 2021 statement of cash flows (indirect method in the amount of $0 $245,400 $286,600 $342,600
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
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.6E
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