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 :

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\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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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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