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Young Inc. had sales of $545,000 during the year. The company's accounts receivable balance at January 1, was $45,000. Its balance at December 31, the
Young Inc. had sales of $545,000 during the year. The company's accounts receivable balance at January 1, was $45,000. Its balance at December 31, the end of the year, is $48,000. What are the company's cash collections during the year?
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
