A net decrease in accounts payable to suppliers indicates that cash payments to suppliers were less than purchases made during the period.

Name: A net decrease in accounts payable to suppliers indicates that cash payments to suppliers were less than purchases made during the period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A net decrease in accounts payable indicates that cash payments to suppliers were more than purchases made during the period, reducing the outstanding balance owed to suppliers.

A Net Decrease in Accounts Payable to Suppliers Indicates That