At December 31, 2011, XYZ Corp. had accounts receivable of $70,000. At December 31, 2012, the companys
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At December 31, 2011, XYZ Corp. had accounts receivable of $70,000. At December 31, 2012, the company’s accounts receivable balance was
$65,000. This $5,000 decrease of accounts receivable
[decreased / had no effect on / increased] net income adjusted to a cash basis.
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Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
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