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Tim Company had sales of $30,000, increase in accounts payable of $5,000, increase in accounts receivable of $4,000, increase in inventories of $4,000, and
Tim Company had sales of $30,000, increase in accounts payable of $5,000, increase in accounts receivable of $4,000, increase in inventories of $4,000, and depreciation expense of $4,000. What was the cash collected from customers? A. $31,000 B. $35,000 C. $34,000 D. $25,000 E. $26,000
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
978-1119036357, 1119036356, 1118338413, 1118334264, 978-1118338414, 978-1118334263
