You are developing an accrual-adjusted income statement from a cash income statement. During the year, accounts payable
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Question:
You are developing an accrual-adjusted income statement from a cash income statement. During the year, accounts payable increased. What is the adjustment you need to make?"
add ending accounts payable to income
add ending payable to expenses
add the increase in accounts payable to income
add the increase in accounts payable to expenses
no change
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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