Sales for the year were $564,294. Accounts receivable were $107,128 and $70,406 at the beginning and end

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Sales for the year were $564,294.

Accounts receivable were $107,128 and $70,406 at the beginning and end of the year, respectively.

What is the Cash received from customers to be reported on the statement of cash flows using the direct method?

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Advanced Accounting

ISBN: 978-1934319307

2nd edition

Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III

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Posted Date: May 18, 2023 08:11 AM

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Sales for the year were $564,294. Accounts receivable were $107,128 and $70,406 at the beginning and end

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To calculate the cash received from customers using the direct method we need to consider th... View the full answer

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