On January 1, 2019, the balance of the Accounts Payable account was $31,000. On December 31, 2019,
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On January 1, 2019, the balance of the Accounts Payable account was $31,000. On December 31, 2019, the balance was $41,000. How, if at all, would this change be reflected in the statement of cash flows?
Accounts PayableAccounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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