Cash flow effectsgrogans inventory increased by 50000, Ask an Expert

Accounting

Cash Flow Effects

Grogan's inventory increased by $50,000 during the year, and its accounts payable increased by $35,000. Indicate how each of those changes would be reflected on a statement of cash flows prepared using the indirect method.

Inventory Methods Using a Perpetual System

Will the dollar amount assigned to inventory differ when a company uses the weighted average cost method depending on whether a periodic or perpetual inventory system is used? Explain your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91624195

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