What is "Cash recorded in A/P"?
Hi everyone, In a buyout, what is "Cash recorded in A/P"? It seems to mean cash recorded in accounts payables and is treated as cash, but I'm just not sure if I understand why there would be cash recorded in accounts payable? What does it do exactly?
Thanks!
Havent seen this before, but I would guess overdue invoices. If you would have paid them on time, A/P and cash would be lower, therefor both A/P and cash are overstated.
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