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During 2012, the accounts payable balance of Bennington Corp. decreased. Which of the following statements is true? This decrease indicates that Bennington paid less during
During 2012, the accounts payable balance of Bennington Corp. decreased. Which of the following statements is true? This decrease indicates that Bennington paid less during the period than it recognized as expenses on the income statement. This decrease is added to net income in the operating activities section of a statement of cash flows prepared under the indirect method. This decrease is deducted from net income in the operating activities section of a statement of cash flows prepared under the indirect method. This decrease is considered only when the operating activities section of a statement of cash flows is prepared under the direct method
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