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Emily Enterprises’ comparative balance sheets included accounts receivable of $224600 at December 31, 2015, and $205,700 at December 31 2016 Sales reported on Emily’s 2016 income statement amounted

Emily Enterprises’ comparative balance sheets included accounts receivable of $224,600 at December 31, 2015, and $205,700 at December 31, 2016. Sales reported on Emily’s 2016 income statement amounted to $3,250,000. What is die amount of cash collections that Emily will report in the Operating Activities category of its 2016 statement of cash flows assuming that the direct method is used?

Apr 02 2020 View more View Less

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