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Baird Corp

Question 107

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Baird Corp.had beginning Accounts Receivable of $254,000 and ending Accounts Receivable of $228,000.If total sales were $1,440,000,what amount of cash was collected from customers,in what category,with what description would the collections be reported on the statement of cash flows using the indirect method? What amount,and in what category,and with what description would the collections be reported using the direct method?

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$1,440,000 plus $26,000 decrease in acco...

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