Question
The ending balance of accounts receivable was $52,500. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were
The ending balance of accounts receivable was $52,500. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $425,000. Sales reported on the income statement were $444,000. Based on this information, the beginning balance in accounts receivable was:
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Business And Professional Ethics
Authors: Leonard J Brooks, Paul Dunn
8th Edition
1337514462, 9781337514460
