Multiple Choice
During 2011, Franklin Company reported revenues on an accrual basis of $70,000. Accounts receivable decreased during the year from $35,000 at the beginning to $24,500 at the end. How much cash was provided by collections from customers during the year?
A) $45,500
B) $59,500
C) $70,000
D) $80,500
Correct Answer:
Verified
Correct Answer:
Verified
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