The XYZ Corporation wants to end the period with What is the appropriate action to insure such an outcome?
A) pay accounts payable from cash
B) lag the next payroll
C) pay down an impaired asset
D) sell current marketable securities for cash at their book value

Question

Quizplus · Accepted Answer

Paying accounts payable from cash will reduce the company's cash balance and increase its accounts payable balance, resulting in a lower ending cash balance.

The XYZ Corporation Wants to End the Period with What