Appleby Southern Inc. had an accounts payable balance of $5 million at the end of 2015, and

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Appleby Southern Inc. had an accounts payable balance of $5 million at the end of 2015, and that balance rose to $7 million in 2016. What is the cash flow consequence of this change in accounts payable?
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Financial Management Principles and Applications

ISBN: 978-0134417219

13th edition

Authors: Sheridan Titman, Arthur J. Keown, John H. Martin

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