Which of the following could lead to cash flow problems? (a) Obsolete inventory, accounts receivable of inferior
Question:
Which of the following could lead to cash flow problems?
(a) Obsolete inventory, accounts receivable of inferior quality, casing of credit by suppliers.
(b) Slow-moving inventory, accounts receivable of inferior quality, tightening of credit by suppliers
(c) Obsolete inventory, increasing notes payable, casing of credit suppliers by
(d) Obsolete inventory, improved quality of accounts receivable, sing of credit by suppliers The following information is available for Jacqui's Jewelry and Gift Store: Net income Depreciation expense Increase in deferred tax liabilities Decrease in accounts receivable Increase in inventories Decrease in accounts payable Increase in accrued liabilities Increase in property and equipment Increase in short-term notes payable Decrease in long-term bonds payable $5,000 2,500 500 2,000 9,000 5,000 1,000 14,000 19,000 Use the indirect method to answer questions 23-26.
Step by Step Answer:
Understanding Financial Statements
ISBN: 9780131878563
8th Edition
Authors: Lyn M Fraser, Aileen Ormiston