While preparing the worksheet for the statement of cash flows, a company recorded a debit of $20,000 to accounts payable. The existing balance of accounts payable was $40,000. This debit transaction signifies

a. an increase in the value of accounts payable.

b. a reduction in the value of accounts payable.

c. an increase in the cash inflows from operating activities.

d. an increase in the cash inflows from financing activities