Wellstone Company Net Income Assignment

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Wellstone Company Net Income Assignment

On December 31, 2018, Wellstone Company reported a net income of $73,000 and sales of $208,000. The company also reported beginning and ending accounts receivable at $17,000 and $29,000, respectively. Wellstone will report cash collected from customers in its 2018 statement of cash flows (direct method) in the amount of Multiple Choice $196,000. $237000. $118,000. $220,000. Get Accounting homework help today

On December 31, 2018, Wellstone Company reported a net income of $73,000 and sales of $208,000. The company also reported beginning and ending accounts receivable at $17,000 and $29,000, respectively. Wellstone will report cash collected from customers in its 2018 statement of cash flows (direct method) in the amount of Multiple Choice $196,000. $237000. $118,000. $220,000. Get Accounting homework help today