Changes in current liabilities have the opposite effect on Cash than changes in current assets. An increase

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Changes in current liabilities have the opposite effect on Cash than changes in current assets. An increase in a current liability requires that the net income amount be adjusted to a cash basis by [adding to it / subtracting from it]. A decrease in a current liability requires that the adjustment be a(n) [addition / subtraction].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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