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Sales for the year were $586,296. Accounts receivable were $96,782 and $77,940 at the beginning and end of the year, respectively. Cash received from customers to be reported on the statement of cash flows using the direct method is O a. $623,980 Ob. $683,078 Oc$586,296 O d. $605,138

Sales for the year were $586,296. Accounts receivable were $96,782 and $77,940 at the beginning and end of the year, respectively. Cash received from customers to be reported on the statement of cash flows using the direct method is O a. $623,980 Ob. $683,078 Oc$586,296 O d. $605,138

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sales for the year were $586,296. Accounts receivable were $96,782 and $77,940 at the beginning and end of the year, respectively. Cash received from customers to be reported on the statement of cash flows using the direct method is a. $623,980 Ob. $683,078 c. $586,296 d. $605,138
Transcribed Image Text:Sales for the year were $586,296. Accounts receivable were $96,782 and $77,940 at the beginning and end of the year, respectively. Cash received from customers to be reported on the statement of cash flows using the direct method is a. $623,980 Ob. $683,078 c. $586,296 d. $605,138
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