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Bob Company Reported Sales of $200,000,an Increase in Accounts Receivable

Question 118

Multiple Choice

Bob Company reported sales of $200,000,an increase in accounts receivable of $15,000,and a decrease in cash of $20,000.How much cash was collected from customers?


A) $185,000
B) $195,000
C) $200,000
D) $220,000

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