Discuss the differences in the following terms: a. Cash received from customers versus sales revenue b. Cash

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Discuss the differences in the following terms:

a. Cash received from customers versus sales revenue

b. Cash paid to suppliers versus cost of goods sold

c. Cash proceeds from the sale of equipment versus gain on the sale of equipment

d. Cash paid to employees versus wages expense

e. Cash paid for equipment versus depreciation expense

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Financial Accounting Reporting And Analysis

ISBN: 9780324149999

6th Edition

Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice

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