Our accounts payable balance decreased by $5,000 this month from last month. On our cash...

60.1K

Verified Solution

Question

Accounting

Our accounts payable balance decreased by $5,000 this month from last month. On our cash flow statement we will need to:
Add $5,000 to the investing activities area.
This will have no effect on cash.
Subtract $5,000 from the Operating Activities area.
None of the answers are correct.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students