Direct method to prepare its statement of cash flows

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Reference no: EM13913069

Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following information reported for the year 2014:

• Sales revenue: $240,000

• Interest revenue: $1,000

• Accounts receivable beginning balance: $35,000

• Accounts receivable ending balance: $31,000

There were no amounts reported for Interest receivable

In the operating activity section of the statement of cash flows, what amount would be shown for total cash receipts?

$235,000

$244,000

$245,000

$237,000

Reference no: EM13913069

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