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and 275000 The financial statements of Seldin, Incorporated, provide the following information for the current year. December 31 $ 39,000 $ 59,000 $ 12,400 $
and 275000 The financial statements of Seldin, Incorporated, provide the following information for the current year. December 31 $ 39,000 $ 59,000 $ 12,400 $ 37,000 $ 15,400 $ 280,000 $ 140,000 $ 84,000 January 1 $ 44,000 $ 55,000 $ 14,400 $ 36,000 $ 20,400 Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $18,400) What is the amount of cash received from customers during the current year? Multiple Choice $280,000 $285,000 $44,000
and 275000
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