Participative leaders let followers know what is expected of them, participate in scheduling of work, and give specific guidance to workers

If accrued liabilities increased during the year, which of the following is correct when using a spreadsheet to complete the statement of cash flows (indirect method)?

A. Increase in Accrued Liabilities would be debited B. Increase in Accrued Liabilities would be credited C. Accrued Liabilities would be debited D. None of the above is correct.

Gross billings for merchandise sold by Lang Company to its customers last year amounted to $15,720,000; sales returns and allowances were $370,000, sales discounts were $175,000, and freight-out was $140,000. Net sales last year for Lang Company were

a. $15,720,000. b. $15,350,000. c. $15,175,000. d. $15,035,000.c