2. You are given the following information for Shinoda Corp.: Decrease in inventory $ 430 Decrease in accounts payable 165 Increase in notes payable 150 Increase in accounts receivable 180 1. Did cash go up or down? By how much? 2. Classify each event as a source or use of cash.
2. You are given the following information for Shinoda Corp.: Decrease in inventory $ 430 Decrease in accounts payable 165 Increase in notes payable 150 Increase in accounts receivable 180 1. Did cash go up or down? By how much? 2. Classify each event as a source or use of cash.
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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Question
2. You are given the following information for Shinoda Corp.: |
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Decrease in inventory |
$ |
430 |
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Decrease in accounts payable |
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165 |
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Increase in notes payable |
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150 |
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Increase in |
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180 |
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1. Did cash go up or down? By how much? |
2. Classify each event as a source or use of cash. |
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