A company reported the following data: Accounts receivable (2021): 450,000 Accounts receivable (2020): $525,000 Accounts payable (2021):
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Question:
A company reported the following data:
- Accounts receivable (2021): 450,000
- Accounts receivable (2020): $525,000
- Accounts payable (2021): $600,000
- Accounts payable (2020): $500,000
What is the net effect of these items on the 2021 Statement of Cash Flows?
Expert Answer:
To determine the net effect of accounts receivable and accounts payable on the 2021 Statement of Cas... View the full answer
Related Book For 
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
