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Question 43 Vargas Inc had the following information related to last year's sales: Cash sales Credit sales Accounts receivable - beginning Accounts receivable - ending

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Question 43 Vargas Inc had the following information related to last year's sales: Cash sales Credit sales Accounts receivable - beginning Accounts receivable - ending $ 90,000 210,000 28,000 40,000 Required: Compute the amount that would be reported as "cash collections from customers" on the statement of cash flows using the direct method

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