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If a business's accrued liabilities balance increases during the period, when the indirect method is used:

If a business's accrued liabilities balance increases during the period, when the indirect method is used:

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
Problem 5Q: Indicate by a (+), (), or (0) whether each of the following events would most likely cause accounts...
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COTB MC Qu. 15-38 (Algo) If a... If a business's accrued liabilities balance increases during the period, when the indirect method is used:
Transcribed Image Text:COTB MC Qu. 15-38 (Algo) If a... If a business's accrued liabilities balance increases during the period, when the indirect method is used:
Multiple Choice O O The amount of the increase is subtracted within the investing activities section of the statement of cash flows The amount of the increase is subtracted within the operating activities section of the statement of cash flows The amount of the increase is added within the investing activities section of the statement of cash flows The amount of the increase is added within the operating activities section of the statement of cash flows
Transcribed Image Text:Multiple Choice O O The amount of the increase is subtracted within the investing activities section of the statement of cash flows The amount of the increase is subtracted within the operating activities section of the statement of cash flows The amount of the increase is added within the investing activities section of the statement of cash flows The amount of the increase is added within the operating activities section of the statement of cash flows
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