Which of the following could result from paying accounts payable more quickly?

Question

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Paying accounts payable more quickly means that the buyer is more likely to take advantage of early payment discounts offered by the supplier, resulting in a lower number of discounts foregone. It does not necessarily lead to a lower credit rating or refusal of credit by suppliers, although it may damage relationships with suppliers if they feel that they are not being paid fairly or promptly.

Which of the Following Could Result from Paying Accounts Payable