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A) What is the amount of cash receipts from customers? B) What amount of cash payments were made for income taxes during 2020? Suppose Columbia
A) What is the amount of cash receipts from customers?
Suppose Columbia Sportswear Company had accounts receivable of $206,045,000 at the beginning of a recent year, and $267,085,000 at year-end. Sales revenue was $1,091,270,000 for the year. What is the amount of cash receipts from customers? Metlock, Inc. reported income tax expense of $364,977,000 on its 2020 income statement and income taxes payable of $277,983,000 at December 31, 2019, and $521,655,000 at December 31, 2020. What amount of cash payments were made for income taxes during 2020? Cash payment for income taxes B) What amount of cash payments were made for income taxes during 2020?
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