A Company Reported an Increase in Accounts Payable and a Decrease

question 1

Multiple Choice

A company reported an increase in accounts payable and a decrease in inventory during 2019.Which of the following statements is correct?

• A)Cash paid to suppliers equals cost of goods sold plus both the increase in accounts payable and the decrease in inventory.
• B)Cash paid to suppliers equals cost of goods sold minus both the increase in accounts payable and the decrease in inventory.
• C)Cash paid to suppliers equals cost of goods sold minus the increase in accounts payable,plus the decrease in inventory.
• D)Cash paid to suppliers equals cost of goods sold plus the increase in accounts payable,minus the decrease in inventory.

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Definitions:

Hands-on Leader

A leadership style characterized by direct involvement and active participation in the work and development of team members.

Customer Problems

Issues or complaints raised by customers regarding a company's products or services that need to be addressed to maintain customer satisfaction.

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The process of finding answers or solutions to problems or puzzles.

Inspirational Appeal

The ability to inspire and motivate others through compelling vision, passion, or leadership qualities.