Post Utme Mountain Top University 2020 Commerce Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2020 Commerce Objective / Multiple Choice
Question 28 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • COMMERCE • objective

A firm's financial statements show a decrease in cash and an increase in accounts payable. What is the likely explanation for this?

Answer Options

A. The firm has paid its suppliers early
Correct Answer B. The firm has delayed paying its suppliers
C. The firm has invested in a new project
D. The firm has received a loan from a bank
Correct Answer
B
Correct Option:
The firm has delayed paying its suppliers

About This Question

This is Post Utme Mountain Top University 2020 Commerce Question 28. It is one of the objective questions from the 2020 Post Utme Mountain Top University Commerce examination.

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