Suppose Marc Mobile Inc. makes cell phones at a cost of $1,500 today. The...
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Suppose Marc Mobile Inc. makes cell phones at a cost of $1,500 today. The phones are sold on credit for $2,300 next year. The receivable will be paid in year two. Here are a few statements about the cash flows v.s. the accounting profits. Which of the following statements are true? 1. The cash flow for next year is zero. II. The (pre-tax) accounting profits for next year is $2,300. III. For next year, there is an increase in the networking capital by $2,300. land Ill Only! Only III Tandil Lll and 111
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