solved: Meriwhether Chemicals experienced an increase in its accounts receivable balance


Meriwhether Chemicals experienced an increase in its accounts receivable balance for the year just ended. This will be reported as a use of cash in the firm’s cash flow statement. How is it that an increase in an asset such as accounts receivable represents a use of cash?

Meriwhether Chemicals experienced an increase in its accounts receivable balance

solved: Meriwhether Chemicals experienced an increase in its accounts receivable balance
solved: Meriwhether Chemicals experienced an increase in its accounts receivable balance