Reporting cash flows from operating activities

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Reference no: EM131202796

Hong Kong Clothiers reported revenue of $5,040,000 for its year ended December 31, 2016. Accounts receivable at December 31, 2015 and 2016, were $320,900 and $354,000, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of:

Reference no: EM131202796

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Reporting cash flows from operating activities : Hong Kong Clothiers reported revenue of $5,040,000 for its year ended December 31, 2016. Accounts receivable at December 31, 2015 and 2016, were $320,900 and $354,000, respectively. Using the direct method for reporting cash flows from operating acti..

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