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Using the indirect method, categorize the following transaction to the appropriate activity for the year ended 12/31/21 and indicate the cash effect if any. Accounts
Using the indirect method, categorize the following transaction to the appropriate activity for the year ended 12/31/21 and indicate the cash effect if any. Accounts payable at December 31, 2020 and 2021, were $260,000 and $290,000, respectively
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