A statement of cash flows contained the following information: Required: Determine whether the following account balances increased
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Required:
Determine whether the following account balances increased (I) or decreased (D) during the period: (a) Accounts Receivable, (b) Inventories, (c) Accounts Payable, and (d) Accrued Liabilities.
Transcribed Image Text:
Operating Activities Net Income Depreciation Changes in current assets and current liabilities $14013 1.027 Accounts Receivable Inventory Accounts Payable Accrued Liabilities 2.142) 596 6 307 1.217) Net Cash Provided by Operations
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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