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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 | $420 |
Decrease in accounts payable | 160 |
Increase in notes payable | 750 |
Increase in accounts receivable | 280 |
Multiple Choice
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Cash decreased by $730
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Cash increased by $730
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Cash increased by $1,290
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Cash decreased by $1,610
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Cash increased by $1,050
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