During 2014, the accounts payable balance decreased.
A) This decrease indicates that payments on account were less during the period than credit purchases.
B) This decrease is added to net income in the operating activities section of a statement of cash flows prepared under the direct method.
C) This decrease is deducted from net income in the operating activities section of a statement of cash flows prepared under the direct method.
D) This decrease indicates that payments on account exceeded credit purchases during the period.
Correct Answer:
Verified
Q86: A company acquired land by issuing its
Q88: Which of the following transactions is not
Q93: When using the indirect method to determine
Q111: Which of the following financing activities results
Q126: A company reported the following information:
Q129: A company reported the following information:
Q131: A company reported the following information:
Q132: During 2013, the accounts receivable balance increased.
A)This
Q133: A company reported the following information:
Q134: A company reported the following information:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents