[Step-by-Step] Focus on Accounts Receivable, bank credit cards, and cash and cash equivalents. Explain what Accounts Receivable is and if a company did
Question: Focus on Accounts Receivable, bank credit cards, and cash and cash equivalents.
Explain what Accounts Receivable is and if a company did have accounts receivable which financial statement would this account appear on? Do either of these companies show accounts receivable on a financial statement ? Now, look in the notes to the financial statements and explain what is included in cash that relate to bank credit cards. Explain what a bank credit card is and why it is not showing as accounts receivable and is showing in Cash and Cash equivalents if applicable .
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