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Klopp reported the following information on its 2020 financial statements ($ in millions): 2020 2019 Account Receivables (Net) $23,211 $25,636 Allowance for Uncollectible Accounts 788

Klopp reported the following information on its 2020 financial statements ($ in millions):

2020 2019
Account Receivables (Net) $23,211 $25,636
Allowance for Uncollectible Accounts 788 823
Sales Revenue 88,318

Bad debt expense for 2020 was $83 million. How much cash ($ in millions) did Klopp collect from customers during 2020?

Multiple Choice

  • $90,660

  • $90,743

  • $90,625

  • $90,590

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