FRA question 18, of reading 27, study session 8 (page 294).
The solution requires ADDING back an increase in A/P to derive CFO.
Shouldn’t it be subtracted instead?
A/P increases: you didn’t pay as much (cash) as you thought you did: CFO goes up.
yes of course. thanks. finally losing my mind I guess.
You’re welcome.
Objection: assumes facts not in evidence.