Little Scuba Pty had the following line item on its 12/31/2014 Balance Sheet:
Little Scuba Pty had the following line item on its 12/31/2014 Balance Sheet:
| 12/31/2014 | |
| Accounts Payable | $10,000 |
Little Scuba’s Statement of Cash Flows had the following line item:
| 2014 | |
| Change in Accounts Payable | $4,000 |
Assume that the company made no acquisitions or divestitures and that all operations are in Australia. How much Accounts Payable did Little Scuba have on 12/31/2013?
$6,000
$14,000
$10,000
$4,000
$0
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