FRA question 18, of reading 27, study session 8 (page 294).
The solution requires ADDING back an increase in A/P to derive CFO.
Shouldn’t it be subtracted instead?作者: maratikus 时间: 2013-8-6 23:49
A/P increases: you didn’t pay as much (cash) as you thought you did: CFO goes up.作者: Analyze_This 时间: 2013-8-6 23:53
yes of course. thanks. finally losing my mind I guess.
