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The following amounts were taken from Mt-9x Company's income statement for 2024: Sales revenue ............... $581,000 Cost of goods sold .......... 377,000 The following selected
The following amounts were taken from Mt-9x Company's income statement for 2024: Sales revenue ............... $581,000 Cost of goods sold .......... 377,000 The following selected account balances were taken from Mt-9x Company's accounting records during 2024: January 1, 2024 December 31, 2024 Inventory 129,000 103,000 Accounts receivable 111,000 136,000 Accounts payable 107,000 122,000 The amount of cash collected from customers during 2024 was equal to:
Group of answer choices
$581,000
$692,000
$566,000
$445,000
$596,000
$717,000
$556,000
$606,000
none of the above choices are correct
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