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Problem 1: Which of the following activities does not belong to operating activities?
a. Change in Account Receivables (A/R)
b. Change in Inventories
c. Change in Notes Payable (NP)
d. Change in Gross Fixed Assets
e. Both c and d
Under what condition would the reclassification of the receivables be ethical? Unethical? Support your response.
Overview: Classifying a company's costs allows for an in-depth analysis of the impact that changes in output have on revenues, costs, and net income or net loss. A cost-volume-profit analysis will be completed in order to determine the breakeven p..
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Harrisburg Corporation had net income of $35,000, a $9,000 decrease in accounts receivable, prepare the operating activities section
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Receivable makes up another 17 percent of current assets. Burt's current ratio = .99 times. What is the value of inventory listed on the firm's balance sheet?
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