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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