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book Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby cover

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Edition 4ISBN: 978-0078025372
book Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby cover

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Edition 4ISBN: 978-0078025372
Exercise 86
Explain why cash paid during the period for purchases and for salaries is not specifically reported on the statement of cash flows, indirect method, as cash outflows.
Explanation
Verified
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Since purchases are part of inventory wh...

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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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