Explain the difference between the direct and indirect presentation approaches to the operating activities section of the
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Explain the difference between the direct and indirect presentation approaches to the operating activities section of the SCF. Use the following data to illustrate the difference: a company reports $ 116,000 of earnings, which includes sales of $ 750,000. During the year, accounts receivable increased by $ 47,000.
Accounts Receivable Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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