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    Financial Accounting
  4. Exam
    Exam 9: Preparing and Analyzing the Statement of Cash Flows
  5. Question
    The Beginning Balance in Accounts Payable Was $4,365
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The Beginning Balance in Accounts Payable Was $4,365

Question 144

Question 144

Essay

The beginning balance in accounts payable was $4,365.The ending balance was $2,995.How is the accounting information for these items reported on the statement of cash flows using the indirect method?

Correct Answer:

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The $1,370 net decrease will b...

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