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The Whackem-Smackem Software Company sold $15 million of computer games in its first year of operations. The company received payments of $9.50 million for these

The Whackem-Smackem Software Company sold $15 million of computer games in its first year of operations. The company received payments of $9.50 million for these computer games. The company's income statement would report:

sales revenue of $9.50 million.

accounts receivable of $9.50 million.

expenses of $5.50 million.

sales revenue of $15 million.

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