Question
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?
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$90,660
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$90,743
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$90,625
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$90,590
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Auditing A Practical Manual For Auditors
Authors: Lawrence Robert Dicksee
1st Edition
1360462546, 978-1360462547
