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Tripe H Enterprises reported $26,000 of cash from operating activities and the following data: Depreciation $45,000 Increase in accounts payable 12,000 Increase in wages payable
Tripe H Enterprises reported $26,000 of cash from operating activities and the following data: Depreciation $45,000 Increase in accounts payable 12,000 Increase in wages payable 8,000 Increase in inventory 9,000 Decrease in taxes payable 2,000 Tripe H's net income/loss for the period was $10,000 income. $54,000 loss. $28,000 loss. $8,000 loss. Which of the following would be considered a continuing source of cash? cash from issuing common shares cash from refinancing debt cash from reducing cash and cash equivalents cash from operations If a company has made arrangements with a bank to borrow money in the months when they have a negative cash balance, this arrangement is a bank overdraft. demand loan. long-term loan. O line of credit
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