Question
Sales for the year were $565,482. Accounts receivable were $95,141 and $88,961 at the beginning and end of the year. Determine the cash received from
Sales for the year were $565,482. Accounts receivable were $95,141 and $88,961 at the beginning and end of the year. Determine the cash received from customers to be reported on the cash flow statement using the direct method.
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Integrated Audit Practice Case
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
5th Edition
0912503351, 9780912503356
