Which one of the following is a source of cash?
A)increase in accounts receivable
B)decrease in notes payable
C)decrease in common stock
D)increase in accounts payable
E)increase in inventory

Question

Quizplus · Accepted Answer

An increase in accounts payable indicates that a company is purchasing goods or services on credit, which increases its cash position because it is using supplier credit instead of immediate cash outflows.

Which One of the Following Is a Source of Cash