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How much is cash received from customers for the year

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Question - A company reported annual sales revenue of $845,000. During the year accounts receivable increased from a $14,000 beginning balance to a $19,000 ending balance. Accounts payable decreased from a $13,000 beginning balance to a $6,000 ending balance.

How much is cash received from customers for the year?

A. $833,000

B. $864,000

C. $840,000

D. $850,000

Reference no: EM131611336

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