Tim Company Had Sales of $30,000,increase in Accounts Payable of $5,000,decrease

question 42

Multiple Choice

Tim Company had sales of $30,000,increase in accounts payable of $5,000,decrease in accounts receivable of $1,000,increase in inventories of $4,000,and depreciation expense of $4,000.What was the cash collected from customers?

• A)$31,000
• B)$35,000
• C)$34,000
• D)$25,000
• E)$26,000

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