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If $90,000 Is Owed by Customers at the Beginning of the Year

Question 44

Multiple Choice

If $90,000 is owed by customers at the beginning of the year, $75,000 is owed at the end and credit sales are $120,000, the cash received from customers is:


A) $120,000.
B) $80,000.
C) $125,000.
D) $135,000.

Correct Answer:

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