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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 2
A decrease in accounts receivable is added to net income to obtain operating cash flows because
A) cash collections increased due to increasing sales.
B) cash collections from customers were less than the revenues reported.
C) cash collections decreased due to declining sales.
D) cash collections from customers were greater than the revenues reported.
E) none of the above.
A) cash collections increased due to increasing sales.
B) cash collections from customers were less than the revenues reported.
C) cash collections decreased due to declining sales.
D) cash collections from customers were greater than the revenues reported.
E) none of the above.
Explanation
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Because, Cash collections from customers...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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