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The Sun Devil Corporation follows accrual accounting. In 2023, the Sun Devil Corporation sold $300,000 of products to other companies on credit. In 2023, the
The Sun Devil Corporation follows accrual accounting. In 2023, the Sun Devil Corporation sold $300,000 of products to other companies "on credit." In 2023, the company collected $275,000 of cash from these sales. In 2023, the company also collected $10,000 of cash from 2022 sales. How much revenue would the company report in 2023?
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