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CTP · Question #607
(Topic 7) On a company's financial statements, an increase in accounts receivable is reflected as
The correct answer is D. use of cash on the cash flow statement. See the full explanation below for the reasoning.
Question
- (Topic 7)
On a company’s financial statements, an increase in accounts receivable is reflected as
Options
- Adecrease in current assets.
- Bincrease in current liabilities.
- Csource of cash on the cash flow statement.
- Duse of cash on the cash flow statement.
How the community answered
(49 responses)- A10% (5)
- B2% (1)
- C6% (3)
- D82% (40)
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