Question
Change in the Cash Account: Indicate the impact of he following corporate actions on cash, using the letter I for an increase, D for a
Change in the Cash Account: Indicate the impact of he following corporate actions on cash, using the letter I for an increase, D for a decrease, or N when no change occurs: a. A dividend is paid with funds received from a sale of debt. b. Real estate is purchased and paid for with short-term debt. c. Inventory is bought on credit. d. A short-term bank loan is repaid. e. Next years taxes are prepaid. f. Preferred stock is redeemed. g. Sales are made on credit. h. Interest on long-team debt is paid. i. Payments for previous sales are collected. j. The accounts payable balance is reduced. k. A dividend is paid. l. Production supplies are purchased and paid for with a short-term note. m. Utility bills are paid. n. Cash is paid for raw materials purchased for inventory. o. Marketable securities are sold.
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