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York Corporation has budgeted activity for October to reflect net income $260,000. All sales are credit sales. Receivables are planned to increase by $25,000,
York Corporation has budgeted activity for October to reflect net income $260,000. All sales are credit sales. Receivables are planned to increase by $25,000, payables to increase by $40,000 and Depreciation Expense is $40,000. Use this information to determine how much cash will increase (decrease) during the month of October. Enter as a whole number (no cents).
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
16th edition
1259692396, 77862384, 978-0077862381
