The income statement for Noble Corporation reported sales of $390,000 for the year, all of which were on account, and net income of $89,000. Accounts receivable was $38,000 at the beginning of the year and $46,000 at the end of the year. Calculate cash collected from customers during the yearA. $398,000
B. $97,000
C. $382,000
D. $390,000
Answers: 2
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The income statement for Noble Corporation reported sales of $390,000 for the year, all of which wer...
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