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Based only on the following information for Thrice Corp., did cash go up or down? By how much? Classify each event as a source or

Based only on the following information for Thrice Corp., did cash go up or down? By how much? Classify each event as a source or use of cash.

Decrease in inventory $460
Decrease in accounts payable 180
Increase in notes payable 570
Increase in accounts receivable 240

Multiple Choice

  • Cash decreased by $610

  • Cash increased by $610

  • Cash increased by $1,090

  • Cash decreased by $1,450

  • Cash increased by $970

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