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State the effect on profit and cash of a firm paying a trade creditor
State the effect on profit and cash of a firm paying a trade creditor.
a) Decrease in profit and decrease in cash.
b) No effect on profit and decrease in cash.
c) No effect on profit and no effect on cash.
d) Decrease in profit and no effect on cash.
Expert Solution
Answer:
b) No effect on profit and decrease in cash.
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