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Question 7 (1 point) A $ 10,000 increase in accounts payable combined with a $ 4,000 decrease in inventory will cause the cash payments to
Question 7 (1 point) A $ 10,000 increase in accounts payable combined with a $ 4,000 decrease in inventory will cause the cash payments to suppliers to increase by $ 10,000. increase by $ 4,000. increase by $ 6,000. decrease by $ 14,000. Question 8 (1 point) Saved Jack Cleason Consulting reported income tax expense of $ 38,000 on the income statement. There has also been a decrease in the income taxes payable account in the amount of $ 4,000 when compared to prior year. Cash payments for income taxes were therefore $ 38,000. $ 4,000. $ 34,000. $ 42,000
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