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Use the following excerpt from the ABC Company statement of cash flows to answer questions 18 through 21 regarding an analysis of the cash from
Use the following excerpt from the ABC Company statement of cash flows to answer questions 18 through 21 regarding an analysis of the cash from operating activity section. Which of the following statements is true with regard to ABC Company? The payments ABC Company made in 2016 to suppliers is the cause of the net loss that year. The accounts payable account has increased in 2016 and 2015 because ABC has paid for their purchases. ABC Company has borrowed from suppliers in 2014. The changes in the accounts payable account in 2016 and 2015 have caused a positive change to the cash flow from operating activities, but in 2014 the change has resulted in less cash from operating activities
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