Post by
Bruiser on Jun 02, 2021 11:20am
$8.2m Accounts Payable???
Can anyone share some insight as to what the $8.2m in accounts payable might be? Suppliers are probably all net 30 terms and i cant imagine them agreeing to be paid later. So what could the payables be? Possibly deferred mortgage payments? Any thoughts are appreciated.
Comment by
reallyBobbyZ on Jun 02, 2021 11:50am
It's trade suppliers, Union Gas, Ontario Hydro, office supplies, etc. Nothing to do with mortgages. Payables went up over $1,000,000 in Q1 from Dec 31/20. Huge increase! Someone not getting paid on time most likely.