Which of the following would cause a decrease in cash? a. An increase in the Average Collection
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Question:
Which of the following would cause a decrease in cash?
a. An increase in the Average Collection Period from 15 days to 30 days
b. Selling off fixed assets for more than the book value
c. An increase in accrued salaries expense
d. Paying suppliers in 60 days versus 45 days
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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