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How tropical tours report cash collected from customers of

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Problem 1: Tropical Tours reported revenue of $414,000 for its year ended December 31, 2018. Accounts receivable at December 31, 2017 and 2018, were $37,000 and $31,200, respectively. Using the direct method for reporting cash ?ows from operating activities, Tropical Tours would report cash collected from customers of:

Multiple Choice

Option 1: $451,000.

Option 2: $414,000.

Option 3: $419,800.

Option 4: $408,200.

Reference no: EM132698199

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