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Crossland Corporation Reported Sales on Its Income Statement of $435,000

question 15

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Crossland Corporation reported sales on its income statement of $435,000.On the statement of cash flows,which used the direct method,sales adjusted to a cash basis were $455,000.Crossland Corporation reported the following account balances on its balance sheet for the year:
Crossland Corporation reported sales on its income statement of $435,000.On the statement of cash flows,which used the direct method,sales adjusted to a cash basis were $455,000.Crossland Corporation reported the following account balances on its balance sheet for the year:   Based on this information,the beginning balance in accounts receivable was: A)  $50,000 B)  $40,000 C)  $30,000 D)  $20,000 Based on this information,the beginning balance in accounts receivable was:

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