Question
Cash collections from customers during 2010 were $468,500, while net accounts receivable decreased $14,250. Sales reported on the income statement were: A) $440,000 B) $454,250
Cash collections from customers during 2010 were $468,500, while net accounts receivable decreased $14,250. Sales reported on the income statement were:
A) $440,000
B) $454,250
C) $482,750
D) $497,000
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Accounting Concepts And Applications
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain
10th Edition
0324376154, 978-0324376159
