Question
When computing cash paid to suppliers for purchase of Inventory reported in the Operating Activities section of Statement of Cash Flows why we use the
When computing "cash paid to suppliers for purchase of Inventory reported in the Operating Activities section of Statement of Cash Flows" why we use the formula
Cash paid=purchased + Accounts payable(decreased) or Cash paid=purchased-Accounts payable (increased)?
Purchased=COGS+ MI (increased)
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
