The statement of cash flows for Steinhoff Corporation for the year ended June 30, 2010, reported cash

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The statement of cash flows for Steinhoff Corporation for the year ended June 30, 2010, reported cash received from customers of $ 5,680,000. Steinhoff’s comparative balance sheets for June 30, 2009, and 2010, reported net accounts receivable balances of $ 690,000 and $ 765,000, respectively. Determine the net sales reported by Steinhoff for the year ended June 30, 2010.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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