Butler Corp. reported the following in the Current Assets section of its comparative balance sheets: .................................................................12/31/12................12/31/11 Current
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Butler Corp. reported the following in the Current Assets section of its comparative balance sheets:
.................................................................12/31/12................12/31/11
Current Assets:
Accounts receivable...............................$12,500.................$15,300
The company uses the direct method on its statement of cash flows and reported that it collected $45,200 during 2012 from its customers. Determine sales revenue for 2012.
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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