How do accounts receivable affect Cramers cash flows from operating activities for 2018? a. They increase cash
Question:
How do accounts receivable affect Cramer’s cash flows from operating activities for 2018?
a. They increase cash provided by operating activities.
b. They don’t because accounts receivable result from investing activities.
c. They decrease cash used by investing activities.
d. They decrease cash provided by operating activities.
Accounts ReceivableAccounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Question Posted: