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The Smith Company uses the cash basis of accounting. Smith Company collected $700,000 from its customers during the year. Smith had $50,000 in Accounts Receivable at the beginning of the year, and $90,000 in Accounts Receivable at the end of the year. What is Smith's Sales Revenue under the accrual basis of accounting?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943159

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