Question: Required: 1. On the current year's cash flow statement (indirect method), how would the change in accounts receivable affect cash flow from operations? 2-a. How
Required: 1. On the current year's cash flow statement (indirect method), how would the change in accounts receivable affect cash flow from operations? 2-a. How does declining sales revenue often lead to declining accounts receivable? 2-b. How does declining sales revenue often lead to cash collections from customers being higher than sales revenue
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