Question: A company uses the direct method to prepare the statement of cash flows. It presents the following amounts on its December 31, 2009 financial statements.
A company uses the direct method to prepare the statement of cash flows. It presents the following amounts on its December 31, 2009 financial statements. "Relates solely to the acquisition of inventory 10) Refer to Case 16.2. What will appear in the operating activities section related to salary payable? 10) A) The increase of $3,000 will be subtracted from net income B) The increase of $3,000 will be subtracted from payments to employees. C) The increase of $3,000 will be added to payments to employees. D) The increase of $3,000 will be added to net income
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