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Listed here are selected aggregate transaction for modern style furniture company from the first quarter of a recent yea...

Listed here are selected aggregate transaction for modern style furniture company from the first quarter of a recent year (dollar in million.

  1. Recorded collections of cash from customers owed on open account of $40.8
  2. Repaid 5.6 in principal on line of credit with a bank with principal payable within one year.

Complete the following table by entering the amount the amount of the effect of each transaction. Enter negative amounts with a minus sign. Consider each item independently.

Transaction        current Asset   Gross profit          current Liabilities         Cash Flow from

                                                                                                                                  Operating Activities

a.

b.

0 0
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Answer #1
Transaction Current Assets   Gross Profit   Current Liabilites   Cash flow from operating activities  
Transaction - A $                           40.80 $                             -   $                       -40.80 $                                40.80
Transaction - B $                            -5.60 $                             -   $                         -5.60 $                                 -5.60
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