• 2022-06-05
    Aspartofitsworkingcapitalmanagementprogram,RotanCorporationhasanaccountspayablefinancingarrangementwiththeFirstNationalBank.ThebankpaysRotan'svendorswithin30daysoftheinvoicedate.Rotanreimbursesthebank90daysaftertheinvoiceisdue.Ignoringinterest,whatisthemostlikelyeffectonRotan'soperatingcashflowandfinancingcashflowwhenthebankisrepaid?
    A: Bothwilldecrease.
    B: Neitherwilldecrease.
    C: Onlyonewilldecrease.
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