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Forsythe Company Had a $30,000 Increase in Accounts Payable from the Prior

Question 172

Multiple Choice

Forsythe Company had a $30,000 increase in accounts payable from the prior period.If a worksheet is used to facilitate the preparation of the statement of cash flows, the entry in the reconciling columns of the worksheet would be


A) Operating- Increase in Accounts Payable (debit column) , Accounts Payable (credit column) .
B) Accounts Payable (debit column) , Cash (credit column) .
C) Accounts Payable (debit column) Operating- Increase in Accounts Payable (credit column) .
D) Cash (debit column) , Accounts Payable (credit column) .

Correct Answer:

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