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Exhibit 12-4 Manning Company Uses the Indirect Method to Prepare the Statement

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Exhibit 12-4
Manning Company uses the indirect method to prepare the statement of cash flows.The following amounts are shown in its December 31,2013,financial statements.
Exhibit 12-4 Manning Company uses the indirect method to prepare the statement of cash flows.The following amounts are shown in its December 31,2013,financial statements.    -Refer to Exhibit 12-4.How will the change in accounts payable be reported in the operating activities A) The increase of $60,000 will be subtracted from sales revenue. B) The increase of $60,000 will be added to net income. C) The increase of $60,000 will be added to sales revenue. D) The increase of $60,000 will be subtracted from net income. E) None of the answer choices is correct.
-Refer to Exhibit 12-4.How will the change in accounts payable be reported in the operating activities


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