Classify the following changes in each of the accounts as either an inflow or an outflow of
Question:
(a) Marketable securities increased,
(b) Land and buildings decreased,
(c) Accounts payable increased,
(d) Vehicles decreased,
(e) Accounts receivable increased, and
(f) Dividends were paid.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... 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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Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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