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Lui Company's 2010 Income Statement Reported Total Sales Revenue of $350,000.The

Question 38

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Lui Company's 2010 income statement reported total sales revenue of $350,000.The 2009-2010 comparative balance sheets showed that accounts receivable increased by $20,000.The 2010 "cash receipts from customers" would be: 


A) $270,000
B) $250,000
C) $330,000
D) $40,000

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