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Jim Debt Was Reviewing the Total Accounts Receivable

Question 91

Multiple Choice

Jim Debt was reviewing the total accounts receivable. This month he received $80,000 from credit customers. This represented 40% of all receivables due. The total amount of accounts receivable due is:


A) $200,000.
B) $320,000.
C) $500,000.
D) $230,000.
E) None of these.

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