ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
13th Edition
ISBN: 9781264046263
Author: Hoyle
Publisher: MCG
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Chapter 10, Problem 19P
To determine

Identify the appropriate answer for the given statement from the given choices.

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Noble Electronics reported annual sales revenue of $3,150,000. During the year, accounts receivable increased from a $65,000 beginning balance to a $85,000 ending balance. Accounts payable decreased from a $70,000 beginning balance to a $50,000 ending balance. How much is cash received from customers for the year? A. $3,130,000 B. $3,135,000 C. $3,165,000 D. $3,100,000
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