a. A firm reported $405 million in revenue and an increase in net receivables of $32 million.
Question:
b. A firm reported wages expense of $335 million and cash paid for wages of $290 million. What was the change in wages payable for the period?
c. A firm reported net property, plant, and equipment (PPE) of $873 million at the beginning of the year and $923 million at the end of the year. Depreciation on the PPE was $131 million for the year. There were no disposals of PPE. How much new investment in PPE was there during the year?
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a Cash Revenues Change in net receivables 405 32 373 ...View the full answer
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