Accounts Payable at January 1, 2020 were $347,000. Accounts Payable at December 31, 2020 were $382,000....
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6654e827900cd_4876654e8278422a.jpg)
Transcribed Image Text:
Accounts Payable at January 1, 2020 were $347,000. Accounts Payable at December 31, 2020 were $382,000. How would this change in Accounts Payable be shown on the Statement of Cash Flows? OA. Operating Activity, Decrease in Accounts Payable ($35,000) B. Investing Activity; Decrease in Accounts Payable ($35,000) C. Operating Activity; Increase in Accounts Payable $35,000 OD. Operating Activity, Increase in Accounts Payable ($35,000) Accounts Payable at January 1, 2020 were $347,000. Accounts Payable at December 31, 2020 were $382,000. How would this change in Accounts Payable be shown on the Statement of Cash Flows? OA. Operating Activity, Decrease in Accounts Payable ($35,000) B. Investing Activity; Decrease in Accounts Payable ($35,000) C. Operating Activity; Increase in Accounts Payable $35,000 OD. Operating Activity, Increase in Accounts Payable ($35,000)
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Return to the facts of problem 39. Assume that Jeremy gives the property to his son Felipe when the property has a fair market value of $37,000. What is the effect of the gift on Jeremy's taxable...
-
What operating budget exists for manufacturing but not for a retail company?
-
Einstein/Noah Bagel Corp.s 1998 annual report disclosed the following financial information (in thousands): total expenses $575,846; depreciation, depletion, and amortization $34,777; and cash and...
-
Green Mountain Water Testing Service was established on November 16, 2012. Green Mountain uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe...
-
If the equilibrium price in a perfectly competitive market for apples is $1 per pound, then an individual firm in this market could: not sell additional apples unless the firm lowers its price. not...
-
Spring Flings Company, a fashion retailer that specializes in colorful graphic tees, prepares a master budget on a quarterly basis. The company has assembled the following data to assist in preparing...
-
Directions and helpful resources -Review Chapters 15 &16. In text book Perloff, R. M. (2021). The dynamics of persuasion: Communication and attitudes in the 21st century (7th ed.). Routledge. *...
-
BREAD Products' pretax income for 2019 is * (1 Point) BREAD Products has no Work in Process or Finished Goods inventories at the close of business on December 31, 2018. The balances of BREAD's...
-
Convert the following line of code into assembly language. A (A B)+(BA) Where A and B are both 8-bit variables Activate Windows
-
Locate an article that discusses an injunction that has been obtained by a party in California. What was the defendant enjoined from doing? Was this a temporary, preliminary, or permanent injunction?...
-
Recall that although California does not specify precise requirements, many of the rules governing class actions in California are derived from federal law. Find a California case in which a class...
-
During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs, expenses, and operating data, related to Job 63: a. Calculate the predetermined manufacturing overhead...
-
Using the Three Dimensional Coordinate System In Exercises 13 14 15 16 17 18 19 20 21 22 23 and 24 determine the location of a point x y z that satisfies the condition s 13 z 1
-
Differentiate between tangible and intangible assets, and assess the value of each.
-
_____ the information document that the FTC requires franchisors to provide to potential franchisees a. franchisor b. franchise fee c. due diligence d. product franchise e. royalty fee f....
-
Propose ways of locating a suitable business for sale.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App