IV.Question 14

Krauss Company reported sales of $7,000,000 in 2019. Its accounts receivable balance was $1,370,000 at the beginning of 2019 and $1,000,000 at the end of 2019, and $70,000 of receivables were written off during the year. Compute cash received from customers reported by Krausss on its 2019 statement of cash flows.

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