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Question
geary company had credit sales of $1,400,000. the beginning accounts receivable balance was $80,000 and the ending accounts receivable balance was $280,000. using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period?
a.$1,600,000
b.$1,400,000
c.$1,200,000
d.$1,480,000
Answer
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