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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

  • Cash decreased by $730

  • Cash increased by $730

  • Cash increased by $1,290

  • Cash decreased by $1,610

  • Cash increased by $1,050

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