What Current Liability is money that you owe to a supplier?

A. Taxes Payable

B. Accounts Payable

C. Interest Payable

D. Wages Payable 29 questions left

Which of the following is the amount needed to service one's debt?

A. Accounts Payable

B. Interest Payable

C. Taxes Payable

D. Wages Payable

A decrease in Taxes Payable requires which of the following on the Cash Flow Statement?

A. An increase in Interest Payable

B. An increase in Cash

C. An increase in Accounts Payable

D. A decrease in Cash

Accounts Payable may be reduced by which of the following?

A. Increase in Accounts Receivable

B. Decrease in Cash Position

C. Decrease in Wages Payable

D. Increase in Rent Payable