• If the ending balance in accounts payable increases from one period to the next, which of the following is true? o Cash payments to suppliers exceeded current period purchases. o Cash payments to suppliers were less than current period purchases. o Cash receipts from customers exceeded cash payments to suppliers. o Cash receipts from customers exceeded current period purchases.
• If the ending balance in accounts payable increases from one period to the next, which of the following is true? o Cash payments to suppliers exceeded current period purchases. o Cash payments to suppliers were less than current period purchases. o Cash receipts from customers exceeded cash payments to suppliers. o Cash receipts from customers exceeded current period purchases.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 9MCQ: An increase in accounts receivable is deducted from net income to obtain operating cash flows...
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Question
![If the ending balance in accounts payable increases from one period to the next, which of the
following is true?
o Cash payments to suppliers exceeded current period purchases.
o Cash payments to suppliers were less than current period purchases.
o Cash receipts from customers exceeded cash payments to suppliers.
o Cash receipts from customers exceeded current period purchases.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F382f4aed-7fd6-46cb-ab45-6e234d2bc043%2F51f5606d-98d4-4604-9a7f-bad10496a47b%2Fa49xf6_processed.png&w=3840&q=75)
Transcribed Image Text:If the ending balance in accounts payable increases from one period to the next, which of the
following is true?
o Cash payments to suppliers exceeded current period purchases.
o Cash payments to suppliers were less than current period purchases.
o Cash receipts from customers exceeded cash payments to suppliers.
o Cash receipts from customers exceeded current period purchases.
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