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The 2013 Accrual-Basis Income Statement for Razorri Corporation Reports Sales

Question 3

Multiple Choice

The 2013 accrual-basis income statement for Razorri Corporation reports sales revenue of $81,000. The related balance sheet accounts for the beginning and end of the year were The 2013 accrual-basis income statement for Razorri Corporation reports sales revenue of $81,000. The related balance sheet accounts for the beginning and end of the year were Based on this information, the amount of cash collected during 2013 from Razorri's customers was A) $81,000 B) $119,250 C) $114,750 D) $99,000 Based on this information, the amount of cash collected during 2013 from Razorri's customers was


A) $81,000
B) $119,250
C) $114,750
D) $99,000

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