Multiple Choice
A firm reported that accounts receivable increased by $20 000 between the current year and the prior year. If accrual-basis sales were $150 000 the amount of cash received from customers during the year was:
A) $150 000.
B) $130 000.
C) $170 000.
D) $20 000.
Correct Answer:
Verified
Correct Answer:
Verified
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