Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Solve General accounting problem?
Transcribed Image Text:Kensington Industries reported annual
sales revenue of $9,450 million. Accounts
receivable at the beginning of the year
was $720 million, and at the end of the
year, it was $590 million.
How much cash (in $ millions) was
received from customers during the year?
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