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Sources and Uses of Cash [LO1] Based only on the following information for Thrice Corp., did...

Sources and Uses of Cash [LO1] 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 $375

Decrease in accounts payable 220

Increase in Notes Payable 290

Increase in accounts receivable 270

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Answer #1
Decrease in Inventory Source of Cash 375
Decrease in accounts payable Use of Cash (220)
Increase in notes payable Source of Cash 290
Increase in accounts receivable Use of Cash (270)
Net change in cash=$175

Hence cash went up by=$175.

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