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Bradenton Corp

question 36

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Bradenton Corp.reported accounts receivable of $38,000 on its December 31,2013,balance sheet.On December 31,2014,accounts receivable had decreased to $29,000.Sales for the year amounted to $57,000.What is the amount of cash collections that Bradenton will report in the Operating Activities section of its 2014 statement of cash flows assuming that the direct method is used?


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