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On the cash flow statement, buying inventory on account is not a use of cash. True or False Most companies use the direct method to
On the cash flow statement, buying inventory on account is not a use of cash. True or False Most companies use the direct method to prepare the statement of cash flows. True or False A decrease in accounts payable is added to net income when using the indirect method of calculating cash flows provided by operating activities. True or False Dividends declared is not a cash flow. True or False
Most companies use the direct method to prepare the statement of cash flows. True or False
A decrease in accounts payable is added to net income when using the indirect method of calculating cash flows provided by operating activities. True or False
Dividends declared is not a cash flow. True or False
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
