A company uses a spreadsheet to prepare its statement of cash flows. Indicate whether each of the

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A company uses a spreadsheet to prepare its statement of cash flows. Indicate whether each of the following items would be recorded in the Debit column or Credit column of the spreadsheet’s statement of cash flows section.

a. Decrease in accounts payable

b. Payment of cash dividends

c. Increase in accounts receivable

d. Loss on sale of machinery

e. Net income

f. Increase in interest payable

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Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

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Question Posted: Jul 10, 2019 07:30 AM

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A company uses a spreadsheet to prepare its statement of cash flows. Indicate whether each of the

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