Question: During the year, the notes payable account increased from $45,000 to $50,000. How, if at all, is this reflected when computing net income from operations?
During the year, the notes payable account increased from $45,000 to $50,000. How, if at all, is this reflected when computing net income from operations?
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An increase in the notes payable account during the year does not directly affect net income from op... View full answer
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