14. Port Lincoln Holiday Houses, an advertising and online company, reported revenues of $100 million, total...
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14. Port Lincoln Holiday Houses, an advertising and online company, reported revenues of $100 million, total expenses of $50 million, cash and marketable securities $5 million and net income of $20 million in the most recent year. If accounts receivable decreased by $25 million and accounts payable increase by 8 million, how much cash did the company receive from customers? A. $117 million B. $125 million C. $75 million D. $50 million 14. Port Lincoln Holiday Houses, an advertising and online company, reported revenues of $100 million, total expenses of $50 million, cash and marketable securities $5 million and net income of $20 million in the most recent year. If accounts receivable decreased by $25 million and accounts payable increase by 8 million, how much cash did the company receive from customers? A. $117 million B. $125 million C. $75 million D. $50 million
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Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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