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Hope Company Reported Sales on Account of $250,000,an Increase in Inventory

Question 6

Multiple Choice

Hope Company reported sales on account of $250,000,an increase in inventory of $70,000,and a decrease in accounts receivable of $40,000.How much cash was collected from customers?


A) $180,000
B) $230,000
C) $290,000
D) $320,000

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