How much cash did Cooper Construction collect in 2024?

To determine how much cash Cooper Construction collected in 2024, we need to consider the overall cash flow related to the company's receivables, contracts completed, or any available cash transaction data for that year. In financial accounting, the cash collected is typically derived from services rendered or sales made during the accounting period.

If the answer provided is $3,200,000, this figure could reflect a careful analysis of the company's records regarding cash receipts, including invoices that were paid during that year. This amount might also consider any specific collections that were realized from customer payments or outstanding accounts. It's essential to ensure we take into account only the cash actually received during 2024, as opposed to total sales or revenue recognized in that year, which includes amounts not yet collected.

Thus, while evaluating the cash collections for Cooper Construction, the calculated amount of $3,200,000 is based on the actual transactions that took place, underpinning a crucial concept in financial accounting—that cash collected does not always equal total revenue reported on an income statement due to credit sales and receivables not yet paid.