Question

General Mills reported the following information in its 2009 financial statements ($ in millions):


Real World Financials
A note disclosed that the allowance for uncollectible accounts had a balance of $18 million and $16 million at the end of 2009 and 2008, respectively. Bad debt expense for 2009 was $14 million.

Required:
Determine the amount of cash collected from customers during2009.


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  • CreatedJuly 02, 2013
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