Calma Company had sales of $56,000, increase in accounts payable of $8,000, decrease in accounts...
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Accounting
Calma Company had sales of $56,000, increase in accounts payable of $8,000, decrease in accounts receivable of $3,000, increase in inventories of $6,000, and depreciation expense of $7,000.
The amount of cash collected from customers was:
a.
$51,000
b.
$56,000
c.
$59,000
d.
$67,000
e.
$53,000
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