Assume cash paid to suppliers for 2011 is $420,000; that merchandise inventory increased by $20,000 during the year,and that cost of goods sold was $415,000 for 2011.During 2011,accounts payable must have:
A) Increased by $5,000
B) Decreased by $5,000
C) Increased by $15,000
D) Decreased by $15,000
Correct Answer:
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