Account Receivables : For delivered goods or services, the cash owed by the customer that he needs to pay to the business entity is called account receivables. In the balances sheet the account receivables is shown as Assets. Cash Flow Statement: The statement which summarizes the net amount of cash disbursed and received with regards to a particular activity is called cash flow statement. Determine the meaning of the adjustments of (-) or (+) to the accounts receivables in the cash flow statement of Ravenna Company.

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Chapter 13, Problem 5F15

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Account Receivables: For delivered goods or services, the cash owed by the customer that he needs to pay to the business entity is called account receivables. In the balances sheet the account receivables is shown as Assets.

Cash Flow Statement: The statement which summarizes the net amount of cash disbursed and received with regards to a particular activity is called cash flow statement.

Determine the meaning of the adjustments of (-) or (+) to the accounts receivables in the cash flow statement of Ravenna Company.

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