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A company reported an increase in accounts receivable and an increase in unearned sales revenues during the current year. Which of the following statements is
A company reported an increase in accounts receivable and an increase in unearned sales revenues during the current year. Which of the following statements is correct? Cash collected from customers equals sales revenues plus both the Increase in accounts receivable and the increase in unearned sales revenues. Cash collected from customers equals sales revenues plus the increase in accounts receivable, minus the increase in unearned sales revenues. Cash collected from customers equals sales revenues minus the increase in accounts receivable, plus the increase in unearned sales revenues. Cash collected from customers equals sales revenues minus both the increase in accounts receivable and the increase in unearned sales revenues
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