Problem

If the ending balance in accounts payable decreases from one period to the next, which of...

If the ending balance in accounts payable decreases from one period to the next, which of the following is true?

a. Cash payments to suppliers exceeded current period purchases.

b. Cash payments to suppliers were less than current period purchases.

c. Cash receipts from customers exceeded cash payments to suppliers.

d. Cash receipts from customers exceeded current period purchases.

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