While preparing the worksheet for the statement of cash flows, a company recorded a debit...
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Accounting
While preparing the worksheet for the statement of cash flows, a company recorded a debit of $20,000 to accounts payable. The existing balance of accounts payable was $40,000. This debit transaction signifies
a. an increase in the value of accounts payable.
b. a reduction in the value of accounts payable.
c. an increase in the cash inflows from operating activities.
d. an increase in the cash inflows from financing activities
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