If a Change in Accounts Payable Was Added Back to Net

question 30

True/False

If a change in accounts payable was added back to net income on the statement of cash flows prepared using the indirect method,then the amount owed to suppliers during the period had decreased.

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Definitions:

Positive Message

A communication that conveys good news, optimism, or encouragement.

Purchase Selection

The process of choosing a product or service to buy, often involving comparison of options, consideration of quality, and evaluation of price.

Routine Message

Standardized communications that convey regular, everyday information within or outside an organization.

Relevant Details

Information or facts closely related to the subject at hand, important for understanding or decision-making.