A Firm Reported That Accounts Receivable Increased by $30 000

question 52

Multiple Choice

A firm reported that accounts receivable increased by $30 000 between the current and the prior year. If accrual-basis sales were $200 000 the amount of cash received from customers during the year was:

• A) $200 000.
• B) $230 000.
• C) $170 000.
• D) $30 000.

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Definitions:

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