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If sales revenue is $95 million for the year and accounts receivable increased by $12 million, what is the amount of cash received from customers for Sky Wave Technologies?

If sales revenue is $95 million for the year and accounts receivable increased by $12 million, what is the amount of cash received from customers for Sky Wave Technologies?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 5MAD
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If sales revenue is $95 million for the year and accounts receivable increased by $12 million, what is the amount of cash received from customers for Sky Wave Technologies?
Transcribed Image Text:If sales revenue is $95 million for the year and accounts receivable increased by $12 million, what is the amount of cash received from customers for Sky Wave Technologies?
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