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A Company Reported Sales Revenue,all of Which Arose from Credit

Question 107

Multiple Choice

A company reported sales revenue,all of which arose from credit sales,of $48,000 on the income statement.Balance sheet information includes the following: A company reported sales revenue,all of which arose from credit sales,of $48,000 on the income statement.Balance sheet information includes the following: How much cash was collected from customers during the year? A) $13,740. B) $61,740. C) $52,440. D) $45,840. How much cash was collected from customers during the year?


A) $13,740.
B) $61,740.
C) $52,440.
D) $45,840.

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