In its 2014 annual report, Vaughn, Inc. reported Accounts Receivable of $1,011 million at the end of
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Using the direct method, what amount would Vaughn, Inc. report for cash received from customers on its statement of cash flows for 2014?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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