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The following events occurred for Stake Technology Inc. : a) Classify each of the following events as a source or use of cash. Increase in
The following events occurred for Stake Technology Inc. :
a) Classify each of the following events as a source or use of cash.
Increase in accounts payable$540 (source or use of cash )
Increase in accounts receivable$650 (source or use of cash )
Increase in notes payable$490 (source or use of cash )
Increase in inventory$570 (source or use of cash )
b) Based only on the above information, did cash go up or down and by how much?
Net cash(Increase or decrease) by $------?
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