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| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
4.     A retail business, using the accrual method of ac- counting, owed merchandise creditors (accounts payable) $320,000 at the beginning of the  year and $350,000 at the end of the year. How would the $30,000 increase be used to adjust net  in- come in determining the amount of cash flows from operating activities by the indirect method? Explain.
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