Question: Butler Corp. reported the following in the Current Assets section of its comparative balance sheets: The company uses the direct method on its statement of

Butler Corp. reported the following in the Current Assets section of its comparative balance sheets:
12/31/14 12/31/13 Current Assets: $12,500 $15,300 Accounts receivable The company uses the direct method on its statement of cash flows and reported that it collected $45,200 during 2014 from its customers. Determine sales revenue for 2014.

12/31/14 12/31/13 Current Assets: $12,500 $15,300 Accounts receivable

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