The CEO of Sunway Corporation is puzzled. During the year, the company experienced a loss of $800,000,

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The CEO of Sunway Corporation is puzzled. During the year, the company experienced a loss of $800,000, yet its cash increased $300,000 during the same period. Explain how this situation occurred.

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Understanding Financial Statements

ISBN: 9781292101552

11th Global Edition

Authors: Lyn Fraser, Aileen M. Ormiston

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