Moss Exports is having a bad year. Net income is only $60,000. Also, two important overseas customers are filling behind in their payments to Moss, and Moss's
Requirements
1. Using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables. Which reporting makes Moss look better?
2. Under what condition would the reclassification of the receivables be ethical? Unethical?
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