Two reports that are helpful to management in selecting invoices to pay are the cash requirements forecast and the schedule of aged accounts payable.

Question

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The cash requirements forecast provides information on the upcoming payments that need to be made and the available cash to make those payments, while the schedule of aged accounts payable shows the outstanding balances on invoices and how long they have been outstanding. Both of these reports can help management prioritize which invoices to pay based on their importance and urgency.

Two Reports That Are Helpful to Management in Selecting Invoices