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41. During 2014, Bronze Company had $130,000 in cash sales and $970,000 in credit sales. The accounts receivable balances were $180,000 and $212,000 at December
41. During 2014, Bronze Company had $130,000 in cash sales and $970,000 in credit sales. The accounts receivable balances were $180,000 and $212,000 at December 31, 2013 and 2014, respectively. What was the total cash collected from all customers during 2014? A) $1,368,000. B) $1,592,000. C) $1,132,000. D) $1,068,000. 42. Colie Company had an increase in inventory of $120,000. The cost of goods sold was $490,000. There was a $30,000 decrease in accounts payable from the prior period. What were Colie's cash payments to suppliers? A) $640,000. B) $580,000. C) $370,000. D) $310,000
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