Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. company's 2020 income statement reported total sal

Company's 2020 income statement reported total sales revenue of $1,500,000. The 2019-2020 comparative balance sheets...

80.2K

Verified Solution

Question

Accounting

image

Company's 2020 income statement reported total sales revenue of $1,500,000. The 2019-2020 comparative balance sheets showed that accounts receivable increased by $120,000. The 2020 "cash receipts from customers" would be O $240,000. $1,500,000 O $1,620,000. $1,380,000. None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students