Cash Flow Effects Grogans inventory increased by $50,000 during the year, and its accounts payable increased by
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Cash Flow Effects Grogan’s inventory increased by $50,000 during the year, and its accounts payable increased by $35,000. Indicate how each of those changes would be refl ected on a statement of cash fl ows prepared using the indirect method.
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Related Book For 
Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter
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