Question: A decrease in accounts payable: Means that income on an accrual basis is more than income on a cash basis Would be reported in a
A decrease in accounts payable:
Means that income on an accrual basis is more than income on a cash basis
Would be reported in a statement of cash flows using the indirect method as an addition to net income to reconcile to net cash from operations
Would be reported in a statement of cash flows using the indirect method as a subtraction from net income to reconcile to net cash from operations
Means that income on an accrual basis is less than income on a cash basis
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