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Dakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2 : Based on the

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Dakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2 : Based on the company's collection history, 42% of credit sales are collected in month of sale, and the remainder is collected in the following month. Cash collections in January from December credit sales would be

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