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CTP · Question #778
CTP Question #778: Real Exam Question with Answer & Explanation
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Question
- (Topic 8) Company J is looking to perform an A/R cash analysis based on the following sales information: 60% of sales are collected within two months after sale. After three months, $135,000 of January's sales were collected. What was the dollar amount of January's sales collected in April?
Options
- A$15,000
- B$45,000
- C$90,000
- D$135,000
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