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ABC Corp. reported $50 billion in revenues for year 2021. Accounts receivable increased from $12 billion in 2020 to $13 billion in 2021. Inventories increased
ABC Corp. reported $50 billion in revenues for year 2021. Accounts receivable increased from $12 billion in 2020 to $13 billion in 2021. Inventories increased from $5 billion in 2020 to $6 billion in 2021. Unearned revenue increased from $10 billion in 2020 to $15 billion in 2021. Judging solely from the information given, what was the net amount of cash received from business in 2021 (billions)? 55 54 48 53 None of the above Which one of the following statements is CORRECT? If the abnormal earnings growth is growing at a constant rate of 5%, then the residual earnings must be growing at a constant rate of 5%. If the residual earnings is growing at a constant rate of 5%, then the abnormal earnings growth must be growing at a constant rate of 5%. If comprehensive earnings is growing at a constant rate of 5%, then the residual earnings must be growing at a constant rate of 5%. o If comprehensive earnings is growing at a constant rate of 5%, then the abnormal earnings growth must be growing at a constant rate of 5%. None of the above statements is correct
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