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The financial statements of Seldin,Inc. ,provide the following information for the current year:

-Compute the amount of cash received from customers during the current year.
A)$265,000
B)$255,000
C)$260,000
D)$ 40,000

Question

[The following information applies to the questions displayed below.]
The financial statements of Seldin,Inc. ,provide the following information for the current year:
 
-Compute the amount of cash received from customers during the current year.
A)$265,000 
B)$255,000 
C)$260,000 
D)$ 40,000

Quizplus · Accepted Answer

The amount of cash received from customers during the current year can be calculated using the given information about sales, receivables, and cash collections. The correct answer is $265,000, which is likely derived from adjusting sales figures with changes in accounts receivable or considering cash sales and collections on receivables.

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