Bold Company's 2010 income statement reported total sales revenue of $250,000.During 2010,accounts receivable decreased by $20,000 and accounts payable increased $10,000.How much cash was collected from customers during 2010?

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Cash collected from customers ($270,000) = Sales revenue ($250,000) + Accounts receivable decrease ($20,000)

Bold Company's 2010 Income Statement Reported Total Sales Revenue of $250,000.During