Question
KRJ Corporation reported annual sales revenue of $6,348 million. Accounts receivable at the beginning of the year was $787 million and at the end of
KRJ Corporation reported annual sales revenue of $6,348 million. Accounts receivable at the beginning of the year was $787 million and at the end of the year it was $503 million. Deferred revenue at the beginning of the year was $60 million and at the end of the year it was $104 million. How much cash (in $ millions) was received from customers during the year?
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Auditing And Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Strawser
2nd Edition
0073128244, 9780073128245
