An Increase in Accounts Payable Should Be------To Convert Net Income

question 36

Short Answer

An increase in accounts payable should be------to convert net income to cash flow from operating activities.

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Definitions:

Altered

Changed or modified, often referring to a document that has been tampered with or adjusted in some way.

Possessory Interest

A right or interest in property that allows the holder physical control or occupancy of the property.

National Bank

A type of bank chartered by the federal government and, among other powers, has the ability to issue notes that serve as currency.

Assigned Right

A right that has been transferred from one party (the assignor) to another (the assignee), typically involving rights to receive payments or benefits.