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erica galindo
on Nov 15, 2024

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Which of the following is considered a cash outflow?

A) Decrease in Accounts Payable
B) Decrease in Supplies
C) Decrease in Prepaid Expenses
D) Decrease in Accounts Receivable

Accounts Payable

An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recorded as assets until they are consumed or the service is provided.

Supplies

One type of asset acquired by a firm; it has a much shorter life than equipment.

  • Comprehend the cash inflows and outflows associated with operating, investing, and financing segments.
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Marissa CarrilloNov 15, 2024
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