On an indirect method statement of cash flows, an increase in accounts payable is a. Deducted from

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On an indirect method statement of cash flows, an increase in accounts payable is

a. Deducted from net income in the operating activities section.

b. Reported in the financing activities section.

c. Added to net income in the operating activities section.

d. Reported in the investing activities section.

Select the best choice from among the possible answers given.

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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: May 29, 2020 07:04 AM

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On an indirect method statement of cash flows, an increase in accounts payable is a. Deducted from

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Answer While preparing the cash flow statement adjustment to networking capital need to be ...View the full answer

Financial Accounting

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