What was the effect of the change in accounts receivable on cash flows from operations?
Explain your answer. My answer: The effect is negative- the accounts receivable for 2004 decreased the cash flow by 465000 resulting in a remaining total cash flow from operating activities of 15,875,000. For the year 2003 the accounts receivable was 904000 revealing a differences of 439000 decreases between 2003 and 2004. . Please advise as to where and what I am doing!!
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