Use the selected data from the consolidated statements of cash flows for College Corporation for the years ended December 31, 2016 and 2015, to answer the questions that follow.
REQUIRED:
A What is the significance of the positive amounts shown above, for both years, for accounts payable and accrued liabilities?
B At the end of each year, College's cash balance was approximately $5 to $7 million. What does this indicate about College's cash management techniques?

Question

Use the selected data from the consolidated statements of cash flows for College Corporation for the years ended December 31, 2016 and 2015, to answer the questions that follow.
  REQUIRED:
A What is the significance of the positive amounts shown above, for both years, for accounts payable and accrued liabilities?
B At the end of each year, College's cash balance was approximately $5 to $7 million. What does this indicate about College's cash management techniques?

Quizplus · Accepted Answer

The Answer of Use the selected data from the consolidated statements of cash flows for College Corporation for the years ended December 31, 2016 and 2015, to answer the questions that follow.
  REQUIRED:
A What is the significance of the positive amounts shown above, for both years, for accounts payable and accrued liabilities?
B At the end of each year, College's cash balance was approximately $5 to $7 million. What does this indicate about College's cash management techniques?

Use the Selected Data from the Consolidated Statements of Cash