The effect of an increase in a firms accounts payable during the year, assuming that...
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Accounting
The effect of an increase in a firms accounts payable during the year, assuming that the current asset portion of the balance sheet remains the same, is
| a. | an inflow of cash. | |
| b. | neither an inflow nor an outflow of cash. | |
| c. | an outflow of cash. | |
| d. | a decrease in the equity of the firm. |
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