Question

In its 2014 annual report, Vaughn, Inc. reported Accounts Receivable of $1,011 million at the end of 2013 and $1,143 million at the end of 2014. Sales revenue for 2014 was $12,822 million.

Required
Using the direct method, what amount would Vaughn, Inc. report for cash received from customers on its statement of cash flows for 2014?



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  • CreatedFebruary 21, 2014
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