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damaskus [11]
3 years ago
7

in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included

as a(n):
Business
1 answer:
Nana76 [90]3 years ago
7 0

Answer:

In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):

source of cash.

Explanation:

Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.

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3 years ago
Jessica works for ABC Shoes. At​ ABC, Jessica is responsible for establishing​ structure, strategic​ goals, and guiding her empl
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2 years ago
7. Gold Company has budgeted the following costs for the production of its only product: Direct Materials $75,000 Direct Labor 5
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$68 = unitary variable cost

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3 years ago
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