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Cash collection from customers

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24) A company reported sales of $320,000 this year. The following is also available:

Accounts receivable

Balance at the beginning of this year $40,000
Balance at end of this year $25,000

On the statement of cash flow (direct method), what amount would be reported for "cash collected from customers" for this year?

A) $255,000
B) $305,000
C) $335,000
D) $360,000

Please select one of the following answers stated above.

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The solution calculates the cash collection from customers.

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