Which of the Following Is the Correct Formula for Calculating

question 18

Multiple Choice

Which of the following is the correct formula for calculating cash collections from customers?

• A) sales for the period plus accounts receivable at the beginning of the period
• B) sales for the period plus accounts receivable at the beginning of the period minus accounts receivable at the end of the period
• C) sales for the period plus accounts receivable at the end of the period
• D) sales for the period plus accounts receivable at the end of the period minus accounts receivable at the beginning of the period

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