A company's 2010 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,000 and the unearned revenue account decreased $15,000 during 2010.How much cash was collected from customers during 2010?
A) $1,225,000
B) $1,160,000
C) $1,175,000
D) $1,185,000
Correct Answer:
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