Solved

Forsythe Company Had a $30,000 Increase in Accounts Payable from the Prior

Question 93

Multiple Choice

Forsythe Company had a $30,000 increase in accounts payable from the prior period.If a worksheet is used to facilitate the preparation of the statement of cash flows, the entry in the reconciling columns of the worksheet would be


A) Operating- Increase in Accounts Payable (debit column) , Accounts Payable (credit column) .
B) Accounts Payable (debit column) , Cash (credit column) .
C) Accounts Payable (debit column) Operating- Increase in Accounts Payable (credit column) .
D) Cash (debit column) , Accounts Payable (credit column) .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions