Sales totalled ($ 800,000), accounts receivable increased by ($ 40,000), and accounts payable decreased by ($ 35,000).
Question:
Sales totalled \(\$ 800,000\), accounts receivable increased by
\(\$ 40,000\), and accounts payable decreased by \(\$ 35,000\). How much cash did this company collect from customers?
a. \(\$ 760,000\)
b. \(\$ 795,000\)
c. \(\$ 800,000\)
d. \(\$ 840,000\)
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Related Book For
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
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