Accounts payable would be reported within which of the following financial statements?
A)Statement of cash flows.
B)Income statement.
C)Balance sheet.
D)Statement of stockholders' equity.

Question

Quizplus · Accepted Answer

Accounts payable would be reported within the liabilities section of the balance sheet. This is where a company reports all of its current and long-term debts, including amounts owed to suppliers and other vendors. The statement of cash flows reports a company's cash inflows and outflows, the income statement reports its revenues and expenses, and the statement of stockholders' equity reports changes in the company's ownership structure.

Accounts Payable Would Be Reported Within Which of the Following