The balance in Accounts Receivable at the beginning of the year amounted to $2,720. During the year, $9,120 of credit sales were made to customers. If the ending balance in Accounts Receivable amounted to $1,760, and uncollectible accounts expense amounted to $740, what is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement

$9340

Explanation:

The amount of cash received from customers to be shown under operating activities is computed using the below formula:

Cash from customers=credit sales+decrease in accounts receivable-uncollectible accounts expense

credit sales=$9,120

decrease in accounts receivable=$2,720-$1,760=$960

uncollectible accounts expense=$740

cash received from customers=$9,120+$960-$740

cash received from customers=$9340

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answer: b. false

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