For each of the following items, indicate whether it would be added to (A) or deducted from
Question:
______ 1. Increase in accounts receivable
______ 2. Decrease in prepaid rent
______ 3. Decrease in inventory
______ 4. Decrease in accounts payable
______ 5. Increase in income taxes payable
______ 6. Depreciation expense
______ 7. Gain on sale of equipment
______ 8. Loss on early retirement of bonds
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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