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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 9: Accounting for Current Liabilities and Payroll
  5. Question
    Monthly Remittance of Sales Tax Due Has No Effect on the Income
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Monthly Remittance of Sales Tax Due Has No Effect on the Income

Question 51

Question 51

True/False

Monthly remittance of sales tax due has no effect on the income statement,but reduces cash flow from operating activities.

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