If salaries payable was ($ 75,000) at the beginning of the year and ($ 60,000) at the

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If salaries payable was \(\$ 75,000\) at the beginning of the year and \(\$ 60,000\) at the end of the year, should \(\$ 15,000\) be added to or deducted from income to determine the amount of cash flows from operating activities by the indirect method? Explain.

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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