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Author Question: The preparation of the statement of cash flows using the indirect method involves the conversion ... (Read 31 times)

karateprodigy

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on: Jul 5, 2018
The preparation of the statement of cash flows using the indirect method involves the conversion from the accrual basis to the cash basis.
 
  Indicate whether the statement is true or false

Question 2

After posting is completed in the accounts receivable ledger and the general ledger, the total of the accounts receivable ledger balances should equal the
 a. accounts payable account balance.
   b. accounts receivable account balance.
   c. cash account balance.
   d. net income amount.


hugthug12

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Thanks for the answer, I sent you a PM for another one.

Answer to Question 2

b


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