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A Breakdown of Teffan, Inc -Accounts Receivable Over 90 Days Total___________
A) $200,000
B)

Question 129

Multiple Choice

A breakdown of Teffan, Inc.'s outstanding accounts receivable dated June 30, 2003 follows, on the basis of the month in which the credit sale was initially made. The firm extends 30-day credit terms.
 Month of  Accounts  Credit Sale  Receivable  June, 2003 $410,000 May, 2003 340,000 April, 2003 270,000 March, 2003 200,000 February, 2003 or before 100,000 Total $1,320,000\begin{array}{lr}\text { Month of }&\text { Accounts }\\\text { Credit Sale }&\text { Receivable }\\\hline\text { June, 2003 } & \$ 410,000 \\\text { May, 2003 } & 340,000 \\\text { April, 2003 } & 270,000 \\\text { March, 2003 } & 200,000 \\\text { February, 2003 or before } & 100,000\\\text { Total }&\$1,320,000\end{array}
-Accounts receivable over 90 days total___________


A) $200,000
B) $100,000
C) $470,000
D) $300,000

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