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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.

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.

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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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.
Transcribed Image Text: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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