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Chapter-4: Sales in accounting Blade Industries reported a decrease of $375,000 in its accounts receivable during the year 2023. The company's statement of cash flows for 2023 reported $2,850,000 of cash received from customers. What amount of net sales must Blade have recorded in 2023?

Chapter-4: Sales in accounting Blade Industries reported a decrease of $375,000 in its accounts receivable during the year 2023. The company's statement of cash flows for 2023 reported $2,850,000 of cash received from customers. What amount of net sales must Blade have recorded in 2023?

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter8: Revenue Recognition, Receivables, And Advances From Customers
Section: Chapter Questions
Problem 42P
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Chapter-4: Sales in accounting Blade Industries reported a decrease of $375,000 in its accounts receivable during the year 2023. The company's statement of cash flows for 2023 reported $2,850,000 of cash received from customers. What amount of net sales must Blade have recorded in 2023?
Transcribed Image Text:Chapter-4: Sales in accounting Blade Industries reported a decrease of $375,000 in its accounts receivable during the year 2023. The company's statement of cash flows for 2023 reported $2,850,000 of cash received from customers. What amount of net sales must Blade have recorded in 2023?
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