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If accrued liabilities decrease during the year, which of the following is correct when completing the statement of cash flows using the indirect method? A
If accrued liabilities decrease during the year, which of the following is correct when completing the statement of cash flows using the indirect method?
A gain on disposal of an asset would be an increase. | ||
A decrease in accrued liabilities would be shown as a decrease to cash. | ||
A decrease in accrued liabilities would have no impact on cash. | ||
A decrease in accrued liabilities would be shown as an increase to cash. |
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