A company reported Sales revenue,all from credit sales,of $40,000 on the Income Statement for the current year.The balance sheet includes the following: What is the amount of cash that was collected during the year?

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A company reported Sales revenue,all from credit sales,of $40,000 on the Income Statement for the current year.The balance sheet includes the following:  What is the amount of cash that was collected during the year?

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The Answer of A company reported Sales revenue,all from credit sales,of $40,000 on the Income Statement for the current year.The balance sheet includes the following:  What is the amount of cash that was collected during the year?

A Company Reported Sales Revenue,all from Credit Sales,of $40,000 on the Income