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Determine sales revenue

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Reference no: EM132868886

Problem - Working Backward: Cash Collections-Direct Method - Butler Corp. reported the following in the Current Assets section of its comparative balance sheets:

 

12/31/16

12/31/15

Current Assets: Accounts receivable

$15,500

$15,300

The company uses the direct method on its statement of cash flows and reported that it collected $45,200 during 2016 from its customers. Determine sales revenue for 2016.

Reference no: EM132868886

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