Question: Col Corporation reported credit sales of 150 000 for 2010 Col s
Col Corporation reported credit sales of $150,000 for 2010. Col’s accounts receivable from sales were $25,000 at the beginning of 2010 and $38,000 at the end of 2010. What was the amount of cash collected from sales in 2010? How would this cash be classified on the statement of cash flows?
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