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QUESTION 41 What must happen to end-of-period accounts payable balance for the operating cash flow to increase given the annual days sales in payables (DSP)
QUESTION 41
- What must happen to end-of-period accounts payable balance for the operating cash flow to increase given the annual days sales in payables (DSP) was 60 days, and the annual cost of goods sold is expected to increase by 22% with the numbers of days remaining constant?
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| a. | 22% increase. |
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| b. | 24% decrease. |
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| c. | 24% increase. |
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Practice Management With Auditing For Coders
Authors: Elsevier
1st Edition
0323482333, 978-0323482332
