If Nexus Corporation has sales revenue of $150 million and accounts receivable increased by $22 million, the amount of cash received from customers is: a) $150 million b) $98 million c) Depends on the mix of cash sales and credit sales d) $128 million
If Nexus Corporation has sales revenue of $150 million and accounts receivable increased by $22 million, the amount of cash received from customers is: a) $150 million b) $98 million c) Depends on the mix of cash sales and credit sales d) $128 million
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 14E
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Transcribed Image Text:If Nexus Corporation has sales revenue of $150
million and accounts receivable increased by
$22 million, the amount of cash received from
customers is:
a) $150 million
b) $98 million
c) Depends on the mix of cash sales and credit
sales
d) $128 million
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