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Quantum Corporation reported sales revenue of $150,000 and total assets of $200,000 for the current year. If accounts receivable decreased $10,000 during the year and
Quantum Corporation reported sales revenue of $150,000 and total assets of $200,000 for the current year. If accounts receivable decreased $10,000 during the year and accounts payable increased $4,000 during the year, cash collections are:
A. $154,000 B. $160,000 C. $164,000 D. $175,000
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