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UNDER THE INDIRECT METHOD, A DECREASE IN UNEARNED REVENUE WOULD BE SHOWN AS A NEGATIVE ADJUSTMENT TO NET INCOME AND AN INCREASE IN ACCOUNTS PAYABLE
UNDER THE INDIRECT METHOD, A DECREASE IN UNEARNED REVENUE WOULD BE SHOWN AS A NEGATIVE ADJUSTMENT TO NET INCOME AND AN INCREASE IN ACCOUNTS PAYABLE WOULD BE SHOWN AS A POSITIVE ADJUSTMENT TO NET INCOME TRUE OR FALSE
UNDER THE INDIRECT METHOD, A DECREASE IN UNEARNED REVENUE WOULD BE SHOWN AS A NEGATIVE ADJUSTMENT TO NET INCOME AND AN INCREASE IN ACCOUNTS PAYABLE WOULD BE SHOWN AS A POSITIVE ADJUSTMENT TO NET INCOME TRUE OR FALSE
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Accounting And Finance An Introduction
Authors: Eddie McLaney, Peter Atrill
10th Edition
1292312262, 978-1292312262
