Question

You are given the following information for Shinoda Corp.: Decrease in inventory $ 564 Decrease in...

You are given the following information for Shinoda Corp.:

Decrease in inventory $ 564

Decrease in accounts payable 248

Increase in notes payable 295

Increase in accounts receivable 277

How much is the change in cash? (round to 2 decimal places)

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Answer #1

Change in cash = Decrease in inventory - decrease in accounts payable + increase in notes payable - increase in accounts receivable

Change in cash = 564 - 248 + 295 - 277

Change in cash = $334

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