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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