Thursday, 22 December 2016
The Statement of Cash Flows on page 2.1.6 presents how changes in Balance Sheet accounts will affect a company’s cash balance. Refer to that information and discuss how an increase in your company's accounts payable from one period to the next is a means to maintain high cash balances in your company’s bank account.
The Statement of Cash Flows on page 2.1.6 presents how changes in
Balance Sheet accounts will affect a company’s cash balance. Refer to
that information and discuss how an increase in your company's accounts
payable from one period to the next is a means to maintain high cash
balances in your company’s bank account. Do you believe there are any
ethical considerations in slowing payments to your suppliers for the
sake of increasing your company's bank balances?
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