If the ending balance in accounts payable decreases from one period to the next, which of the
Question:
If the ending balance in accounts payable decreases from one period to the next, which of the following is true?
a. Cash payments to suppliers exceeded current period purchases.
b. Cash payments to suppliers were less than current period purchases.
c. Cash receipts from customers exceeded cash payments to suppliers.
d. Cash receipts from customers exceeded cunent period purchases.
(Appendix)
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Related Book For 
Financial Accounting
ISBN: 9780073208145
5th Edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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