Answer
(m) 2.
Work Step by Step
A decrease in accounts payable during the year reflects a reduction in liabilities and is therefore classified as an operating activity whereby the balance will be deducted from the net income.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 5 - Balance Sheet and Statement of Cash Flows - Exercises - Page 286: E5-13m
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