Posted On: 12/24/2014 3:50:14 PM
Post# of 9964
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Re: Matthew Berg #7862
Some of the 275 cash out is to pay for AP already accrued from prior quarters. That's why you look at the income statement expenses - because the income statement is a quarter on quarter basis. Cash and AP are balance sheet accounts. Balance sheet accounts are a roll up of all quarters. I just graduated with my masters in accounting and currently studying for CPA. I'm right.
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