Question
Canelle SA reported 2007 revenue of 137 million. Its accounts receivable balance began the year at 11 million and ended the year at 16 million.
Canelle SA reported 2007 revenue of 137 million. Its accounts receivable balance began the year at 11 million and ended the year at 16 million. At year-end, 2 million of receivables had been securitized. Canelles cash collections from customers (in millions) in 2007 were closest to: A. 130. B. 132. C. 134.
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Auditing And Assurance Services
Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser
1st Edition
0072954442, 9780072954449
