SAT
SAT, 26.11.2021 03:20, ansbert289

Mega screens, inc. , reports net sales of $3,200,000, cost of goods sold of $2,000,000, and income tax expense of $150,000 for the year ended december 31, 2021. Selected balance sheet accounts are as follows: mega screens, inc. Selected balance sheet data december 31 2021 2020 increase (i) or decrease (d) cash $ 150,000 $ 195,000 $ 45,000 (d) accounts receivable 285,000 230,000 55,000 (i) inventory 125,000 165,000 40,000 (d) accounts payable 120,000 137,000 17,000 (d) income tax payable 25,000 16,000 9,000 (i) required: calculate cash received from customers, cash paid to suppliers, and cash paid for income taxes.

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Mega screens, inc. , reports net sales of $3,200,000, cost of goods sold of $2,000,000, and income t...

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