Question
Working Backward: Cash CollectionsDirect Method Butler Corp. reported the following in the Current Assets section of its comparative balance sheets: 12/31/14 12/31/13 Current Assets: Accounts
Working Backward: Cash CollectionsDirect Method
Butler Corp. reported the following in the Current Assets section of its comparative balance sheets:
| 12/31/14 | 12/31/13 | |||
| Current Assets: | ||||
| Accounts receivable | $12,605 | $14,990 | ||
The company uses the direct method on its statement of cash flows and reported that it collected $46,080 during 2014 from its customers. Determine sales revenue for 2014. $
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Canadian Multinationals And International Finance
Authors: Gregory P. Marchildon, Duncan McDowall
1st Edition
0714634816, 978-0714634814
