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Bank of America Corporation's quarterly accounts payable & accrued expense increased from Sep. 2015 ($143,934 Mil) to Dec. 2015 ($146,286 Mil) but then declined from Dec. 2015 ($146,286 Mil) to Mar. 2016 ($137,705 Mil).
Bank of America Corporation's annual accounts payable & accrued expense increased from Dec. 2012 ($0 Mil) to Dec. 2013 ($135,662 Mil) and increased from Dec. 2013 ($135,662 Mil) to Dec. 2014 ($145,438 Mil).
Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Bank of America Corporation Annual Data
|Accounts Payable & Accrued Expense||0||0||42,516||127,854||0||0||0||135,662||145,438||146,286|
Bank of America Corporation Quarterly Data
|Accounts Payable & Accrued Expense||135,662||0||0||150,531||145,438||138,278||135,295||143,934||146,286||137,705|