Purchase of inventory on account will result in:
a. increase in cash
b. decrease in inventory
c. increase in accounts payable
d. decrease in cash
e. decrease in accounts receivable
Answer: c. increase in accounts payable
Business
You might also like to view...
Labor-management negotiations over wages exemplifies:
A) third-party bargaining. B) integrative bargaining. C) cost-effective bargaining. D) distributive bargaining.
Business
A weak entity is dependent on another entity for its meaning
Indicate whether the statement is true or false
Business