During 2018, Ronwin Corporation collected $1,400,000 in cash relating to sales. The beginning accounts receivable was...
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During 2018, Ronwin Corporation collected $1,400,000 in cash relating to sales. The beginning accounts receivable was $500,000 and the ending balance was $450,000. The revenue generated for the year must have been: O $1,850,000 O $1.450.000 O $1,350,000 O $1.400,000 During 2018, Ronwin Corporation collected $1,400,000 in cash relating to sales. The beginning accounts receivable was $500,000 and the ending balance was $450,000. The revenue generated for the year must have been: O $1,850,000 O $1.450.000 O $1,350,000 O $1.400,000
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Correct answer is 1350000 Explanation Revenue Generated Clo... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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