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  3. Study Set
    Financial Accounting Study Set 2
  4. Exam
    Exam 5: Inventories and Cost of Goods Sold
  5. Question
    Under the Indirect Method, an Increase in Accounts Payable Is
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Under the Indirect Method, an Increase in Accounts Payable Is

Question 4

Question 4

True/False

Under the indirect method, an increase in accounts payable is added to net income to determine cash flow from operating activities.

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