The income statement of Company A showed that sale revenue for the year was $794,300. Accounts...
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The income statement of Company A showed that sale revenue for the year was $794,300. Accounts receivable increased from $104,100 to $119,700 and unearned revenue decreased by $12,000 during the year. Required: Calculate the cash inflow related to the revenue account (2 marks): The income statement of Company A showed that sale revenue for the year was $794,300. Accounts receivable increased from $104,100 to $119,700 and unearned revenue decreased by $12,000 during the year. Required: Calculate the cash inflow related to the revenue account (2 marks):
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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