WT- FABM 2 - ACT. A - LAS 6
  • 1. Increase in Accounts Receivable
  • 2. Salaries payable is 4% of total Liabilities and capital
  • 3. Utilities expense is 2% gross income
  • 4. Increase in Accounts Payable
  • 5. Equipment is 42% of Assets
  • 6. Inventory is 23% of Assets
  • 7. Increase in Accounts payable
  • 8. Decrease in inventory
  • 9. Increase in prepaid assets
  • 10. 65% Cost of sales
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