Question
A company reported annual sales revenue of $2,310,000. During the year, accounts receivable decreased from a beginning balance of $85,000 to an ending balance of
A company reported annual sales revenue of $2,310,000. During the year, accounts receivable decreased from a beginning balance of $85,000 to an ending balance of $58,000. How much cash was received from customers for the year?
Group of answer choices
$2,283,000
$2,337,000
$2,310,000
$27,000
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Audit Planning A Risk Based Approach
Authors: K. H. Spencer Pickett
1st Edition
047169052X, 978-0471690528
