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A company had an Accounts Payable balance of $10,000 on December 31, 2018 One year later, on December 31, 2019, the Accounts Payable balance is
A company had an Accounts Payable balance of $10,000 on December 31, 2018 One year later, on December 31, 2019, the Accounts Payable balance is $8,000. Assuming the company uses the indirect method, the change in the Accounts Payable account balance should be reflected on the Statement of Cash Hows for the year ended December 31. 2019 as A $2,000 cash payment in the financing section A $2.000 cash receipt in the financing section $2,000 added to net income in the operating section $2.000 deducted from net income in the operating section Adisclosure item only
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