What was the total cash collected by Hardhat Construction Company in 2021?

To determine the total cash collected by Hardhat Construction Company in 2021, it is important to consider the financial data or reports that provide insights into cash inflows. The total cash collected reflects the actual cash received during the year from various activities, primarily business operations such as construction contracts, sales, and possibly other income streams.

In assessing the correct answer, it's crucial to evaluate the components that contribute to cash collections, such as cash sales, payments made by customers for services rendered, and any other sources of revenue. If the total cash collected aligns with the reported operating results and cash flow statements for that fiscal year, then it validates the figure. Typically, adjustments should also be made for any accounts receivable at the beginning and end of the year, but in this case, the total cash collected would be derived from direct cash inflows.

In this scenario, option A indicates that the total cash collected was $1,750,000. If this amount accurately reflects the company's cash inflows after accounting for operating revenues and any adjustments for outstanding receivables, it is deemed the correct figure. Understanding how to derive this value through proper accounting principles and cash flow analysis is essential for financial reporting and making informed business decisions.