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
Homework Answers
| 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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