Under the direct method of preparing a statement of cash flows, what adjustments are made if merchandise
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Under the direct method of preparing a statement of cash flows, what adjustments are made if merchandise inventory decreased and accounts payable increased from last year?
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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