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30-12-2022
Business

Answered

In 2007, Joe’s shoes had accounts receivable of $40 and accounts payable of $30. In 2008, Joe’s shoes had accounts receivable of $25 and accounts payable of $45. Choose the option to correctly complete the statement. The decrease in accounts receivable from 2007 to 2008 represents a _ of cash while the increase in accounts payable from 2007 to 2008 represents a _ of cash.

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