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QUESTION 5 KRJ Corporation reported annual sales revenue of $7,929 million. Accounts receivable at the beginning of the year was $674 million and at the
QUESTION 5 KRJ Corporation reported annual sales revenue of $7,929 million. Accounts receivable at the beginning of the year was $674 million and at the end of the year it was $417 million. Deferred revenue at the beginning of the year was $106 million and at the end of the year it was $82 million. How much cash (in $ millions) was received from customers during the year? QUESTION 6 KRJ Corporation reported tax expense of $855 million for the year. Taxes payable at the beginning of the year was $57 million and at the end of the year it was $105 million. Deferred taxes at the beginning of the year was $180 million and at the end of the year it was $113 million. How much cash (in $ millions) was paid for taxes during the year
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