A major supplier to company A offers 30 day payment terms, with a discount of 2% if the account is paid within 10 days. Company A has traditionally paid the supplier within 10 days in order to receive the discount. However, Company A has been notified that the supplier will stop offering any discount for early payment. What will be the most likely effect of this event on Company A's accounts payable aging report? 

Answer rating: 100% (QA)

Answer The most likely effect of this event on Company As accounts payable aging report is an increa... View the full answer