Question
If notes payable are used as a balancing item in the pro forma balance sheet, which of the following activities is most likely to decrease
If notes payable are used as a balancing item in the pro forma balance sheet, which of the following activities is most likely to decrease the final number for notes payable?
A. increase in inventory
B. decrease in retained earnings
C. increase in accounts payable
D. increase in accounts receivable
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
