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Appendix 11A) Cash Receipts from Customers Singleton Inc. had accounts receivable of $380,100 at January 1 and $418,650 at December 31. Net income was $550,000
Appendix 11A) Cash Receipts from Customers Singleton Inc. had accounts receivable of $380,100 at January 1 and $418,650 at December 31. Net income was $550,000 and sales revenue was $949,200. Required: Compute the amount of cash collected from customers using the direct method
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Public Sector Audit
Authors: Carolyn J. Cordery, David C. Hay
1st Edition
0367650622, 9780367650629
