Question

Based only on the following information for Thrice Corp., did cash go up or down? By...

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 $460
  Decrease in accounts payable 180
  Increase in notes payable 570
  Increase in accounts receivable 240


Multiple Choice

  • Cash decreased by $610

  • Cash increased by $610

  • Cash increased by $1,090

  • Cash decreased by $1,450

  • Cash increased by $970

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