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 current period purchases.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

Question Posted: