Go to investor.kelloggs.com/investor-relations/annual-reports/ to access the Kellogg's 2013 Annual Report and find the balance sheet of Kellogg's.

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Go to investor.kelloggs.com/investor-relations/annual-reports/ to access the Kellogg's 2013 Annual Report and find the balance sheet of Kellogg's. Did Kellogg's Accounts Payable go up or down from 2012 to 2013? What does this change mean? Into what category does Accounts Payable fall by rules of debit and credit? Which side of the T account would make Accounts Payable increase?
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...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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