Question: I need help with this general accounting question using standard accounting techniques. A company reported utilities expense of $275 million and cash paid for utilities

I need help with this general accounting question using standard accounting techniques.

A company reported utilities expense of $275 million and cash paid for utilities of $240 million. What was the change in utilities payable for the period? a) $35 million increase b) $35 million decrease c) $25 million increase d) $515 million increase

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