The net increase in Accounts Receivable (AR) amounts to $30,000 and the net increase in Wages Payable (WP) is $20,000. Assuming no accounts were written off for lack of payment, what is the net effect of AR and WP on the adjustments to Net Income if the indirect method is used in the Statement of Cash Flows?
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The net increase in Accounts Receivable (AR) amounts to $30,000 and the net increase in Wages Payabl...
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