Question

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.

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Cash Flow Statements

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