Determine how the change in the account balance is treated

Reference no: EM131507742

Question: The following lists current asset and current liability accounts. Identify each account as a current asset (CA) or a current liability (CL) account. After classifying each account, determine how the change in the account balance is treated in the conversion of accrual net income to the cash basis, indirect method. If cash increases use the word Source; if cash decreases, use the word Use.

Reference no: EM131507742

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