Question
Chatham Corp. reported sales revenue of $98,000 on their income statement for 2011. From the beginning until the end of 2011, accounts receivables decreased by
| Chatham Corp. reported sales revenue of $98,000 on their income statement for 2011. From the beginning until the end of 2011, accounts receivables decreased by a net amount of $9,000. How much "cash collections from customers" should Chatham report for 2011 on their statement of cash flows? |
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
12th Edition
0324381980, 978-0324381986
