In its 2020 annual report, Poppie, Inc. reported Accounts Receivable of $1,320 million at the end of

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In its 2020 annual report, Poppie, Inc. reported Accounts Receivable of $1,320 million at the end of 2019 and $1,560 million at the end of 2020. Sales revenue for 2020 was $14,000 million.

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Using the direct method, what amount would Poppie, Inc. report for cash received from customers on its statement of cash flows for 2020?

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Managerial Accounting

ISBN: 9781119577669

4th Edition

Authors: Charles E. Davis, Elizabeth Davis

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Question Posted: May 05, 2021 06:13 AM

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BUNYAN'S SUPPLY PROJECTED BALANCE SHEET (000's) 19X1 Projected Sales Level: $ 6,170 - Net Profit After Tax: $ 93 (1.5%) 19X8 % 19X9 % ASSETS LIABILITIES AND EQUITY Cash $ 0.5% Notes Payable Acounts...
Account Name Cash 2018 Unadjusted Trial Balance 1,320,096 Performance Materiality 20,000 40,000 Accounts receivable 1,762,682 Allowance for doubtful accounts 116,636 CR 15,000 Inventory Prepaid...

In its 2020 annual report, Poppie, Inc. reported Accounts Receivable of $1,320 million at the end of

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