Question
During 2013, Uma Company had $160,000 in cash sales and $1,200,000 in credit sales. The accounts receivable balances were $180,000 and $212,000 at December 31,
During 2013, Uma Company had $160,000 in cash sales and $1,200,000 in credit sales. The accounts receivable balances were $180,000 and $212,000 at December 31, 2012 and 2013, respectively. Using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2013?
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Financial Accounting A Global Perspective
Authors: Rod Monger
1st Edition
0470518405, 978-0470518403
