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Question 7 The following information pertains to Tiffany Company: Month Sales January $30,000 February $40,000 March $50,000 Cash is collected from customers in the following

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Question 7 The following information pertains to Tiffany Company: Month Sales January $30,000 February $40,000 March $50,000 Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 60% Two months following the month of sale 10% Total outstanding Accounting Receivable after March is A. $39,000 B. $35,000 C. $ 4,000 D. $0

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