A retail business, using the accrual method of accounting, owed merchandise creditors (accounts payable) $320,000 at the beginning of the year and$350,000 at the end of the year. How would the $30,000 increase be used to adjust net income in determining the amount of cash flows from operatingactivities by the indirect method?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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A retail business, using the accrual method of accounting, owed merchandise creditors (accounts payable) $320,000 at the beginning of the year and
$350,000 at the end of the year. How would the $30,000 increase be used to adjust net income in determining the amount of cash flows from operating
activities by the indirect method?

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