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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