Clark, Inc., had net sales for the year of ($ 925,000). Accounts receivable increased from ($ 80,000)

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Clark, Inc., had net sales for the year of \(\$ 925,000\). Accounts receivable increased from \(\$ 80,000\) at the beginning of the year to \(\$ 162,000\) at year-end. Compute the amount of cash collected during the year from customers.

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Financial & Managerial Accounting

ISBN: 9780073526997

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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