Butler Corp. reported the following in the Current Assets section of its comparative balance sheets: The company

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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.

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Financial Accounting The Impact on Decision Makers

ISBN: 978-1285182964

9th edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Nov 08, 2018 07:08 AM

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Butler Corp. reported the following in the Current Assets section of its comparative balance sheets: The company

Question:

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

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Sales revenue can be determined by analyzing ...View the full answer

Financial Accounting The Impact on Decision Makers

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