Question: In determining net cash flow from operating activities, a decrease in accounts payable during a period means that income on an accrual basis is less
In determining net cash flow from operating activities, a decrease in accounts payable during a period
means that income on an accrual basis is less than income on a cash basis.
is added to net income under the indirect method.
is added to cost of goods sold under the direct method.
is subtracted from cost of goods sold under the direct method.
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