H Company's Accounting Records Show: The Cash Received from Customers Is:
A)$595 000
B)$590 000

question 12

Multiple Choice

H Company's accounting records show: $
$\begin{array}{ll}\text { Credit sales for the year } & 650,000 \\\text { Discounts provided for early payment } & 15,000 \\\text { Opening balance of accounts receivable } & 100,000 \\\text { Closing balance of accounts receivable } & 90,000\end{array}$ The cash received from customers is:

• A)$595 000
• B)$590 000
• C)$645 000
• D)$610 000

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Definitions:

Dividend Yield

A measure of financial performance showing the annual dividends issued by a company relative to its stock price.

Stock Depreciates

Occurs when the market value of a stock decreases over time due to various factors such as poor company performance or market downturns.

Dual Class Stock

A corporate structure where two or more classes of shares are issued, with different voting rights and dividend payments, typically used to retain control among a select group of shareholders.