Correct answer = B
"Understanding the Cash Flow Statement," Thomas R. Robinson, Hennie van Greuning, Elaine Henry, and Michael A. Broihahn 2008 Modular Level I, Vol. 3, pp. 267-268 Study Session 8-34-f demonstrate the steps in the preparation of direct and indirect cash flow statements, including how cash flows can be computed using income statement and balance sheet data The cash collections from sales is equal to:
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