St. Pierre Enterprises reported the following information in its financial statements: Amounts are as of or for the year ended Prior YearCurrent YearInventory$55,000 $80,000 Accounts Receivable 68,000 103,000 Accounts Payable 34,500 40,000 Sales Revenue 305,000 375,000 Cost of Goods Sold 203,000 250,000 What is the amount of cash collected from customers during the current year?
A. $380,500
B. $340,000
C. $350,000
D. $410,000
Answer: B
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A) continuous rating B) constant sum C) itemized rating D) both A and C
Answer the following statements true (T) or false (F)
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