A company has total sales revenue of $600,000 for a period.The balance of Accounts Receivable was $200,000 at the start of the year and $220,000 at the end of the year.Cash sales amounted to $50,000.Receipts from customers is:
A) $600,000
B) $530,000
C) $550,000
D) $580,000
Correct Answer:
Verified
Q2: The following items must be separately disclosed
Q4: A company holds $100,000 in a term
Q8: A statement of cash flows can be
Q11: The purpose of holding a cash equivalent
Q11: A reconciliation of profit and cash flows
Q12: A company calculates its cash flows from
Q14: Insurance proceeds from the destruction of a
Q16: Cash payments to buy back shares will
Q20: The classification of an item as a
Q24: Assets owned by a subsidiary acquired during
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents