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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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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