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4. Describe how each of the below activities would impact a company's cash (example answer: Cash would increase by $3,000): Inventory increased by $2,000 Accounts
4. Describe how each of the below activities would impact a company's cash (example answer: "Cash would increase by $3,000"): Inventory increased by $2,000 Accounts receivable decreased by $3,000 -Prepaid expenses increased by $1,000 Equipment was sold for $4,000 Current liabilities increased by $8,000 Long-term debt decreased by $5,000
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