If accrued liabilities increased during the year, which of the following is correct when using a spreadsheet to complete the statement of cash flows (indirect method)? Increase in Accrued Liabilities would be debited Increase in Accrued Liabilities would be credited Accrued Liabilities would be debited None of the above is correct.
If accrued liabilities increased during the year, which of the following is correct when using a spreadsheet to complete the statement of cash flows (indirect method)? Increase in Accrued Liabilities would be debited Increase in Accrued Liabilities would be credited Accrued Liabilities would be debited None of the above is correct.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.9E
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If accrued liabilities increased during the year, which of the following is correct when using a spreadsheet to complete the statement of
- Increase in Accrued Liabilities would be debited
- Increase in Accrued Liabilities would be credited
- Accrued Liabilities would be debited
- None of the above is correct.
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