Question
The effect of an increase in a firm's accounts payable during the year, assuming that the current asset portion of the balance sheet remains the
The effect of an increase in a firm's accounts payable during the year, assuming that the current asset portion of the balance sheet remains the same, is
a) An outflow of cash.
b) An inflow of cash.
c) Neither an inflow nor an outflow of cash
d) A decrease in the equity of the firm.
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The Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
11th edition
133836797, 978-0133836790
