Assume cash paid to suppliers for 2014 is $420,000, that merchandise inventory increased by $20,000 during the year, and that cost of goods sold was $415,000 for the year. During 2014, accounts payable must have
a. increased by $5,000.
b. decreased by $5,000.
c. increased by $15,000.
d. decreased by $15,000.
C
Business
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