Question
Merlin Corporation reported revenue of $95,000 for 20X9. Accounts receivable on 1/1/X9 were $20,000 and accounts receivable on 12/31/X9 were $14,000. Which of the following
Merlin Corporation reported revenue of $95,000 for 20X9. Accounts receivable on 1/1/X9 were $20,000 and accounts receivable on 12/31/X9 were $14,000. Which of the following would be the amount of cash Merlin collected from customers during 20X9?
Select one:
a. $89,000
b. $95,000
c. $115,000
d. $81,000
e. $101,000
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Corporate Financial Accounting
Authors: Carl S Warren, Jeff Jones
16th Edition
0357510380, 978-0357510384
