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ABC CO. reported accounts receivable of $5 million at the beginning of its year. During the year, the company had revenues of $20 million and
ABC CO. reported accounts receivable of $5 million at the beginning of its year. During the year, the company had revenues of $20 million and at the end of its year, it reported accounts receivable of $10 million. Based on this information, how much should the amount of cash the company collected from customers during the year be?
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