Accounts payable for services decreased $ 67,000 during the year. The statement of cash flows indicates that

Question:

for services decreased $ 67,000 during the year. The statement of cash flows indicates that cash paid for services was $ 568,000. What was the amount of the related expense shown on the income statement?
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...