Solved: A note disclosed that the allowance for uncollectible, Accounting Basics

A note disclosed that the allowance for uncollectible

General Mills reported the following information in its 2009 financial statements ($ in millions):

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Real World Financials
A note disclosed that the allowance for uncollectible accounts had a balance of $18 million and $16 million at the end of 2009 and 2008, respectively. Bad debt expense for 2009 was $14 million.

Required:

Determine the amount of cash collected from customers during 2009.

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Accounting Basics: A note disclosed that the allowance for uncollectible

Reference No:- TGS01298449

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Accounting Basics: A note disclosed that the allowance for uncollectible

Reference No:- TGS01298449

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