Paxton Inc had the following information related to last year's sales: Cash sales $150,000 Credit sales 280,000 Accounts receivable - beginning 30,000 Accounts receivable - ending 56,000 What amount would be reported as "cash collections from customers" on the statement of cash flows using the direct method?
A) $404,000
B) $176,000
C) $516,000
D) $306,000
A
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