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Newsome Corporation Had Accounts Receivable of $120,000 at the Beginning

Question 34

Multiple Choice

Newsome Corporation had accounts receivable of $120,000 at the beginning of the year and $135,000 at the end of the year.Sales for the year amounted to $565,000.Cash collections from customers are:


A) $15,000.
B) $445,000.
C) $550,000.
D) $565,000.

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