Vinton Corp

question 130

Essay

Vinton Corp.had beginning accounts receivableAccounts Receivable of $36,000 and ending accounts receivableAccounts Receivable of $32,000.If total sales were $110,000,what amount of cash was collected from customers,and how would it be classified on the statement of cash flows?

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Definitions:

Serial Position Effect

Our tendency to recall best the last and first items in a list.

Recall

The act of retrieving information or memories from the past without the aid of cues, differing from recognition which involves identifying information from provided options.

Mnemonic

A device or technique, often involving an association of terms, used to help remember information or facts.

Acronym Formation

The process of creating a new word from the initial letters of a phrase, intended for easier memorization or communication.