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Question 1 When we build a statement of cash flows in spreadsheet, we should determine cash inflows (+) and cash outflows (-). Which of the
Question 1
When we build a statement of cash flows in spreadsheet, we should determine cash inflows (+) and cash outflows (-). Which of the following statements are NOT true?
When an asset account increases it represents a cash outflow. | ||
When an asset account decreases it represents a cash outflow. | ||
When a liability account increases it represent a cash inflow. | ||
When an equity accounts increases it represent a cash inflow. |
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