Question
XYZ Company uses the direct method for reporting its Statement of Cash Flows. The beginning balance in accounts receivable is $40,000, the ending balance is
XYZ Company uses the direct method for reporting its Statement of Cash Flows. The beginning balance in accounts receivable is $40,000, the ending balance is $35,000, and sales during the period are $130,000. What are cash receipts from customers?
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
