During the year, Al's Tools decreased its accounts receivable by $200, increased its inventory by $110, and decreased its accounts payable by $80. How did these three accounts affect the sources of/uses of cash by the firm? A. Net source of cash of $120 B. Net source of cash of $205 C. Net source of cash of $10 D. Net use of cash of $115
During the year, Al's Tools decreased its accounts receivable by $200, increased its inventory by $110, and decreased its accounts payable by $80. How did these three accounts affect the sources of/uses of cash by the firm? A. Net source of cash of $120 B. Net source of cash of $205 C. Net source of cash of $10 D. Net use of cash of $115
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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During the year, Al's Tools decreased its accounts receivable by $200, increased its inventory by $110, and decreased its accounts payable by $80. How did these three accounts affect the sources of/uses of cash by the firm?
A.
Net source of cash of $120
B.
Net source of cash of $205
C.
Net source of cash of $10
D.
Net use of cash of $115
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