Which of the Following Statements Incorrectly Describes the Accounts Payable

question 72

Multiple Choice

Which of the following statements incorrectly describes the accounts payable turnover ratio?

• A)A high ratio indicates that suppliers are being paid in a timely manner.
• B)It increases when inventory is sold on account regardless of the sales price.
• C)It can be manipulated by aggressively paying off accounts payable at year-end.
• D)It is not affected by the choice of inventory accounting methods.

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Definitions:

Nitrogens

Chemical elements with the symbol N and atomic number 7, essential for all living organisms.

Pi Bonds

Covalent chemical bonds formed by the side-to-side overlap of p orbitals, characterizing the electron density located above and below the axis of the bonded atoms.

Sigma Bonds

Single covalent bonds formed between two atoms due to the head-on overlap of atomic orbitals, characterized by shared electron density along the axis connecting the nuclei.

HNC Bond Angle

The geometric angle formed between hydrogen, nitrogen, and carbon atoms in certain molecular structures, relevant in understanding molecular shape and reactivity.