RJB reported sales of $200,000 and an increase in accounts receivable of $30,000 during 2001....
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Accounting
RJB reported sales of $200,000 and an increase in accounts receivable of $30,000 during 2001. Under the direct method, what would be RJB's cash collected from customers during 2001? Multiple Choice
1.$200,000
2.$170,000
3.$230,000
4.Cannot be determined from information given.
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