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Question - A company reported annual sales revenue of $950,000. During the year accounts receivable increased from a $56,000 beginning balance to a $64,000 ending balance. Accounts payable increased from a $44,000 beginning balance to a $46,000 ending balance.
Required - How much is cash received from customers for the year?
A. $960,000
B. $940,000
C. $942,000
D. $958,000
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A holder of a negotiable promissory note would be least likely be a holder in due course if:
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