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Mitchell Corporation reported an increase of $250,000 in its accounts receivable during the year 2022. The company's statement of cash flows for 2022 reported $840,000 of cash received from customers. What amount of net sales must Mitchell have recorded in 2022? A. $250,000 B. $840,000 C. $1,090,000 D. $590,000

Mitchell Corporation reported an increase of $250,000 in its accounts receivable during the year 2022. The company's statement of cash flows for 2022 reported $840,000 of cash received from customers. What amount of net sales must Mitchell have recorded in 2022? A. $250,000 B. $840,000 C. $1,090,000 D. $590,000

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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Mitchell Corporation reported an increase of $250,000 in its accounts receivable during the year 2022. The company's statement of cash flows for 2022 reported $840,000 of cash received from customers. What amount of net sales must Mitchell have recorded in 2022? A. $250,000 B. $840,000 C. $1,090,000 D. $590,000
Transcribed Image Text:Mitchell Corporation reported an increase of $250,000 in its accounts receivable during the year 2022. The company's statement of cash flows for 2022 reported $840,000 of cash received from customers. What amount of net sales must Mitchell have recorded in 2022? A. $250,000 B. $840,000 C. $1,090,000 D. $590,000
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