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Finance quizName …………………………………………………….Adm no……………………………………………………Attempt all ques

Finance quizName …………………………………………………….Adm no……………………………………………………Attempt all questions.Q: Why do capital expenditures increase assets (PP&E), while other cash outflows, like paying salary, taxes, etc., do not create any asset, and instead instantly create an expense on the income statement that reduces equity…

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Fortune Corporation’s comparative balance sheet for current assets and liabiliti

Fortune Corporation's comparative balance sheet for current assets and liabilities was as follows:Dec. 31, Year 2Dec. 31, Year 1Accounts receivable$7,500      $5,200      Inventory11,500      16,000      Accounts payable4,300      5,200      Dividends payable4,000      3,000      Adjust Year 2 net income of $65,000 for changes in operating assets and liabilities to arrive at cash flows…

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