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A company purchases $25,000 of inventory in January 20X6 and will pay for it in March 20X6, which of the following statements is false?
a. The company will report accounts payable of $25,000 in February 20X6Incorrect
b. The statement of cash flows will report an operating cash outflow of $25,000 in March 20X6
c. The accounts payable for this purchase be will zero in March 20X6
d. Cost of goods sold will increase by $25,000 in January 20X6
e. The income statement will report the $25,000 as cost of goods sold in January 20X6 when they are purchased
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