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Question: If sales revenue is $150 million and accounts receivable increased by $25 million, the amount of cash received from customers: a. was $150 million. b. was $125 million. c. depends on the mix of cash sales and credit sales. d. was $100 million.

Question: If sales revenue is $150 million and accounts receivable increased by $25 million, the amount of cash received from customers: a. was $150 million. b. was $125 million. c. depends on the mix of cash sales and credit sales. d. was $100 million.

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 19E
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Question: If sales revenue is $150 million and accounts receivable increased by $25 million, the amount of cash received from customers: a. was $150 million. b. was $125 million. c. depends on the mix of cash sales and credit sales. d. was $100 million.
Transcribed Image Text:Question: If sales revenue is $150 million and accounts receivable increased by $25 million, the amount of cash received from customers: a. was $150 million. b. was $125 million. c. depends on the mix of cash sales and credit sales. d. was $100 million.
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