MCQs > Finance & Management > Generally Accepted Accounting Principles (GAAP) > Your accounts receivable drops from the prior year. What happens on the cash flow statement and in which section?

Generally Accepted Accounting Principles (GAAP) MCQs

Your accounts receivable drops from the prior year. What happens on the cash flow statement and in which section?

Answer

Correct Answer: Cash increases - Operating section

Explanation:

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Generally Accepted Accounting Principles (GAAP) Skill Assessment

Overall Skill Level-Poor

Your Skill Level: Poor

Retake Quizzes to improve it