If Accounts Payable Have Increased During a Period

question 213

Multiple Choice

If accounts payable have increased during a period

• A) revenues on an accrual basis are less than revenues on a cash basis.
• B) expenses on an accrual basis are less than expenses on a cash basis.
• C) expenses on an accrual basis are greater than expenses on a cash basis.
• D) expenses on an accrual basis are the same as expenses on a cash basis.

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Definitions:

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The act or process of carrying out or accomplishing an action, task, or function.

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A body of laws and regulations designed to protect the environment from harm caused by human activities.

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A corporate firm is a legal entity recognized by law, created by individuals or shareholders, with the purpose of engaging in commercial activities, often characterized by limited liability, perpetual succession, and the ability to raise capital.