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If Customers Owe $120 000 at the Beginning of the Year

Question 27

Multiple Choice

If customers owe $120 000 at the beginning of the year and $95 000 at the end of the year,and credit sales total $250 000 for the year,the cash received from customers during the year is:


A) $120 000
B) $370 000
C) $275 000
D) $155 000

Correct Answer:

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