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Little Grey Company earns $5,221 of revenue on account in Year 1. Cash collections of receivables amount to $3,300 in Year 1 with the remainder
Little Grey Company earns $5,221 of revenue on account in Year 1. Cash collections of receivables amount to $3,300 in Year 1 with the remainder being collected in Year 2. Based on this information alone the companys financial statements would show revenues in year 2 of $________
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