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Partial Balance Sheets and Additional Information Are Listed Below for Funk

Question 49

Essay

Partial balance sheets and additional information are listed below for Funk Company. Partial balance sheets and additional information are listed below for Funk Company. Additional information for 2013: Net income was $170,000. Depreciation expense was $30,000. Sales totaled $800,000. Cost of goods sold totaled $325,000. Required: Calculate the amount of cash received from customers during 2013. Additional information for 2013:
Net income was $170,000.
Depreciation expense was $30,000.
Sales totaled $800,000.
Cost of goods sold totaled $325,000.
Required:
Calculate the amount of cash received from customers during 2013.

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