The following items were reported on the balance sheets and income statement for Online Co: Accounts receivable, December 31, 2011 $ 250,000 Accounts receivable, December 31, 2012 225,000 Sales--2012 1,000,000 What amount would be reported in the operating activities section of Online's statement of cash flows for collections from customers under the direct method, assuming that all sales are on
credit?
A) $ 975,000
B) $1,025,000
C) $1,225,000
D) $1,250,000
B
Business
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