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The data given below are from the accounting records of the Kuhn Company: Net Income (accrual basis). Depreciation Expense........ P45,000 .. P 9,000 Based
The data given below are from the accounting records of the Kuhn Company: Net Income (accrual basis). Depreciation Expense........ P45,000 .. P 9,000 Based on this information, the cash provided by operating activities using the indirect method would be Decrease in Accounts Payable.............. 2,500 Decrease in Merchandise Inventory ....... P 3,000
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
9th edition
978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237
