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Additional Information: Accounts receivable and accounts payable relate to merchandise held for sale in the normal course of business. The allowance for bad debts was
Additional Information: Accounts receivable and accounts payable relate to merchandise held for sale in the normal course of business. The allowance for bad debts was the same at the end of 2015 and 2014, and no receivables were charged against the allowance. Accounts payable are recorded net of any discount and are always paid within the discount period. The proceeds from the note payable were used to finance the acquisition of property, plant, and equipment. Capital stock was sold to provide additional working capital. What amount of cash was collected from 2015 accounts receivable? $15,000,000. $14, 040,000. $13, 080,000. $6, 540,000. What amount of cash was paid on accounts payable to suppliers during 2015? $9, 210,000. $8, 850,000. $8, 190,000. $7, 470,000. The amount to be shown on the cash flow statement as net cash provided by investing activities would total what amount? $450,000. $1, 500,000. $1, 590,000. $1, 950,000. The amount to be shown on the cash flow statement as net cash provided by financing activities would total what amount? $2, 850,000. $1, 650,000. $1, 200,000. $816,000
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