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During 2020, Concord Company had $149200 in cash sales and $1246000 in credit sales. The accounts receivable balances were $181000 and $215700 at December 31,
During 2020, Concord Company had $149200 in cash sales and $1246000 in credit sales. The accounts receivable balances were $181000 and $215700 at December 31, 2019 and 2020, respectively. Using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2020? O $1429900 O $1360500 O $1211300 O $1395200
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Basic Principles Of Accounting A Guide For Toatal Beginners
Authors: Simon Udeh Andrew
1st Edition
979-8861488440
