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Allison Co. uses the direct method to determine its cash flow from operations. During the year, it had sales revenue of $300,000. Its beginning Accounts
Allison Co. uses the direct method to determine its cash flow from operations. During the year, it had sales revenue of $300,000. Its beginning Accounts Receivable balance was S30,000, and its ending Accounts Receivable balance was S40,000. Its cash collected from customers for the year was: S300,000 $290,000. $310,000. S370,000
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