Buffet, Inc. had cash sales of $1,000,000 and credit sales of $2,000,000. The accounts receivable balance increased $40,000 during the year.
How much cash did Buffet receive from its customers during the year?
A) $2,960,000
B) $3,040,000
C) $2,160,000
D) $2,040,000
Correct Answer:
Verified
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