Question
Would prefer a typed rather than handwritten answer A. What effect does the accounts receivable account have on cash flow from operating activities for 2003?
Would prefer a typed rather than handwritten answer
A. What effect does the accounts receivable account have on cash flow from operating activities for 2003? (5 Marks)
B. What effect does the taxes payable account have on cash flow from operating activities for 2003? (5 Marks)
C. Are cash flows from investing activities positive or negative for 2003 and why? Assume no loss or gain has in the disposal of PP&E. (5 Marks) (This is difficult. Attempt to get the direction, positive or negative, by inspecting changes in the appropriate accounts from the balance sheet.)
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