How do Trudeau's accrued liabilities affect the company's statement of cash flows for 2020? a. They don't

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How do Trudeau's accrued liabilities affect the company's statement of cash flows for 2020?

a. They don't because the accrued liabilities are not yet paid

b. Increase in cash provided by operating activities

c. Increase in cash used by investing activities

d. Increase in cash used by financing activities image text in transcribed

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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Question Posted: May 10, 2024 09:00 AM

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How do Trudeau's accrued liabilities affect the company's statement of cash flows for 2020? a. They don't

Question:

B C D Trudeau Corporation Income Statement For the Year Ended December 31, 2020 Sales revenue 2 m 3 Gain on sale of equipment 45 6 7 Cost of goods sold Depreciation Other operating expenses Net income $ 180,000 8,000 110,000 6,000 25.000 8 $ 188,000 141,000 $ 47,000

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Financial Accounting

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