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What amount would be reported in the operating activities

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Reference no: EM132596426

Question - The following items were reported on the statement of financial positions and income statement for Online:

Accounts receivable, 30 June 2017 $250 000

Accounts receivable, 30 June 2018 225 000

Sales for financial year ended 30 June 2018 1 000 000

What amount would be reported in the operating activities section of Online statement of cash flows for collections from customers under the direct method, assuming that all sales are on credit?

a. $1,250,000

b. $1,025,000

c. $1,225,000

d. $975,000

Reference no: EM132596426

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