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Question 27 (1 point) A company increases their accounts receivable from $200,000 to $300,000. What is the impact on the cash position of the company?

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Question 27 (1 point) A company increases their accounts receivable from $200,000 to $300,000. What is the impact on the cash position of the company? This is a use of cash and, hence, decreases the cash position by $100,000 This is a source of cash and hence, increase the cash position by $100,000 None of the answers is correct

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