Which of the following is most likely to decrease the final number for notes payable in the pro forma balance sheet?
A) Increase in inventory.
B) Decrease in retained earnings.
C) Increase in accounts payable.
D) Increase in accounts receivable.

Question

Quizplus · Accepted Answer

An increase in accounts payable means the company owes less money to its creditors, which would decrease the final number for notes payable in the pro forma balance sheet.

Which of the Following Is Most Likely to Decrease the Final