When accounts receivable increases during the year, revenues on a cash basis are higher than revenues on an accrual basis.
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Q1: Cash inflows and outflows from investing and
Q2: Information for the cash flow statement is
Q3: Purchases of non-current assets are considered cash
Q4: An increase in dividends payable increases net
Q6: Cash outflows to purchase long-term investments would
Q7: A cash flow statement starts with profit
Q8: The issue of bonds to acquire land
Q9: If equipment was sold for $15,000 and
Q10: Net cash provided (used) by operating activities
Q11: A company has credit sales of $150,000
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