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Financial Accounting Intro Concepts Meth/Uses

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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Cost accounting

If sales revenue is $110 million and accounts receivable increased by $18 million, the amount of cash received from customers:
a. was $110 million.
b. was $73 million.
c. depends on the mix of cash sales and credit sales.
d. was $92 million.

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