If all revenues in 2012 were from cash sales, cash inflows [would / would not] be the
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If all revenues in 2012 were from cash sales, cash inflows [would /
would not] be the same amount as revenues; that is, if sales revenues were $400,000, cash inflows would be $ ,000. However, in most companies, some sales are made to credit customers. These sales are first reported as the current asset, A ______ R ________ . The company will receive cash later on, when customers pay their bills.
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