Question
Based only on the following information for thrice Corporations, did cash go up or down? By how much? Classify each event as a source or
Based only on the following information for thrice Corporations, did cash go up or down? By how much? Classify each event as a source or use of cash.
Decrease in inventory $ 590
Decrease in accounts payable 190
Increase in notes payable 740
Increase in accounts receivable 220
Multiple choice
Cash decreased by $920
Cash Increased by $920
Cash increased by $ 1,360
Cash decreased by $ 1,740
Cash increased by $ 1,360
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
