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For each of the following transactions, select whether cash flows from operating activities will increase, decrease, or remain the same: Transactions a. Purchased merchandise on
For each of the following transactions, select whether cash flows from operating activities will increase, decrease, or remain the same: Transactions a. Purchased merchandise on credit. b. Paid an account payable in cash c. Accrued payroll for the month but did not pay it. Borrowed money from the bank. The term of the note is d.90 days f. Paid accrued interest expense. 9 lawsuit. h. e. Reclassified a long-term note as a current liability. Disclosed a contingent liability based on a pending Paid back the bank for money borrowed in (d). lgnore interest Collected cash from a customer for services that will be i. performed in the next accounting period (i.e., deferred revenues are recorded)
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