Question: What does the decrease in the amount of creditors result in ? Select the most appropriate option. Group of answer choices No change in assets

What does the decrease in the amount of creditors result in?
Select the most appropriate option.
Group of answer choices
No change in assets
Increase in cash
Increase in assets
Decrease in cash

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

What does the decrease in the amount of creditors result in ? Select the most appropriate option. No change in assets Increase in assets Increase in cash Decrease in cash

Q:

Which one of the following events will increase current year free cash flow? Select the most appropriate option. Group of answer choices A reduction in working capital A decrease in operating profit...

Q:

Although a repurchase will increase EPS, we should not expect this to increase the share price. Why? Select the most appropriate option. Group of answer choices The cost of equity will also increase...

Q:

1.Which of the following is possible with international trade? I. Countries that engage in trade can consume at a point outside their respective production possibilities curve. II. Global production...

Q:

1.5 300000 Payables ? Trade Account: For this account, examine the Control Data tab for your company code (USXX). Look at the Account Group entry. Describe what this field represents. 4.1 What did...

Q:

1- During 2019, Waggoner Company performed services for which customers paid or promised to pay $587,000. Of this amount, $552,000 had been collected by year end. Waggoner paid $340,000 in cash for...

Q:

On January 1, 2019, ABC Company purchased equipment for $ 60,000. The company is depreciating the equipment at the rate of 1,500 per month. The book value of the equipment under straight-line method...

Q:

Flag question: Question 29 Question 292.5 pts The condensed income statement for a business for the past year is as follows: Product T Product U Sales...

Q:

If the amount of net income for the current period is less than the amount of the owner's withdrawals, there will be a(n) Group of answer choices decrease in the Cash account. increase in the owner's...

Q:

One company's Balance Sheet shows huge increase in its Accounts Receivable (A/R) compared with that of the previous year. Which of the following is the most reasonable analysis? Group of answer...

Q:

In Figure, R = 15.0, C = 4.70F, and L = 25.0 mH. The generator provides an emf with rms voltage 75.0 V and frequency 550 Hz. (a) What is the rms current? What is the rms voltage across? (b) R, (c) C,...

Q:

2] Given a baseband signal f(t) having an amplitude varying from -10 to 10 volts and a bandwidth of 20 KHz. This signal is used to frequency modulate a 20 MHz P sarrier with an amplitude of 5 volts,...

Q:

The seperator in a split bolt connector is used to seperate

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.