Exam (elaborations)
FINC 4331 - Ch. 3 Test Questions and 100% Correct Verified Answers
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Which of the following events would create a cash inflow in a direct cash flow statement? - ANSWER Slower payment of trade creditors. A company with current-year sales of $4,500,000 and cost of goods sold of $3,248,000 reduced its inventory days from 119 days in the prior year to 115 days for th...
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