Question
The net decrease in Prepaid Expenses (Prepaid) amounts to $35,020 and the net decrease in Accounts Payable (AP) is $25,000. Assuming no inventory provision involved,
The net decrease in Prepaid Expenses (Prepaid) amounts to $35,020 and the net decrease in Accounts Payable (AP) is $25,000. Assuming no inventory provision involved, what is the net effect of Inv and AP on the adjustments to Net Income if the indirect method is used in the Statement of Cash Flows?
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David E. Stout, Gary Cokins, Kung Chen
4th Edition
0073128155, 978-0073128153
