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The Ending Balance of Accounts Receivable Was $52,500

Question 15

Multiple Choice

The ending balance of accounts receivable was $52,500. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $425,000. Sales reported on the income statement were $444,000. Based on this information, the beginning balance in accounts receivable was:


A) $33,500
B) $66,500
C) $71,500
D) $39,500

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