A firm is converting its accrual revenues to corresponding cash amounts using the direct method. Sales on
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A firm is converting its accrual revenues to corresponding cash amounts using the direct method. Sales on the income statement are $925,000. Beginning and ending accounts receivable on the balance sheet are $58,000 and $44,000, respectively. What is the amount of cash received from customers?
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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