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For each of the following transactions, select whether cash flows from operating activities will increase, decrease, or remain the same: a. Purchased merchandise on credit.
For each of the following transactions, select whether cash flows from operating activities will increase, decrease, or remain the same:
a. Purchased merchandise on credit.
b. Paid an account payable.
c. Accrued salaries for the month.
d. Borrowed money from the bank.
e. Paid accrued interest expense.
f. Disclosed a contingent liability based on a pending lawsuit.
g. Collected cash from a customer for services to be performed in the next accounting period.
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