Solved

Hamilton Company Reported an Increase of $370,000 in Its Accounts

Question 78

Multiple Choice

Hamilton Company reported an increase of $370,000 in its accounts receivable during the year 2018.The company's statement of cash flows for 2018 reported $1 million of cash received from customers.What amount of net sales must Hamilton have recorded in 2018?


A) $ 630,000
B) $1,370,000
C) $1,000,000
D) $ 370,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions