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The following information is taken from PT Wealthy Day's financial statements for 2015: Sales: Rp 500,000,000 Cost Of Sales: Rp 300,000,000 The comparative statements of financial position for certain accounts show the following balances:   31 December 2015 31 December 2014 Account Receivable 30.000.000 43.000.000 Merchandise Inventory 50.000.000 42.000.000 Account Payable 56.000.000 59.400.000 Using the direct method, calculate the amount of cash received from customers in 2015: a. Rp 487.000.000 b. Rp 513.000.000 c. Rp 470.000.000 d. Rp 543.000.000

The following information is taken from PT Wealthy Day's financial statements for 2015: Sales: Rp 500,000,000 Cost Of Sales: Rp 300,000,000 The comparative statements of financial position for certain accounts show the following balances:   31 December 2015 31 December 2014 Account Receivable 30.000.000 43.000.000 Merchandise Inventory 50.000.000 42.000.000 Account Payable 56.000.000 59.400.000 Using the direct method, calculate the amount of cash received from customers in 2015: a. Rp 487.000.000 b. Rp 513.000.000 c. Rp 470.000.000 d. Rp 543.000.000

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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The following information is taken from PT Wealthy Day's financial statements for 2015:
Sales: Rp 500,000,000
Cost Of Sales: Rp 300,000,000

The comparative statements of financial position for certain accounts show the following balances:

  31 December 2015 31 December 2014
Account Receivable 30.000.000 43.000.000
Merchandise Inventory 50.000.000 42.000.000
Account Payable 56.000.000 59.400.000

Using the direct method, calculate the amount of cash received from customers in 2015:

a. Rp 487.000.000

b. Rp 513.000.000

c. Rp 470.000.000

d. Rp 543.000.000

 

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