Analysis of the Effects of Current Asset and Current Liability Changes on Cash Flows} You have the
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Analysis of the Effects of Current Asset and Current Liability Changes on Cash Flows}
You have the following data for Cawnpore Company's accounts receivable and accounts payable for 2018 :
\section*{Required:
1. How much cash did Cawnpore collect from customers during 2018 ?
2. How would you classify cash collected from customers on the statement of cash flows?
3. How much cash did Cawnpore pay for wages during 2018 ?
4. How would you classify the cash paid for wages on the statement of cash flows?
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Related Book For
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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