You are given the following information for Dawn Corp. Decrease in inventory Dec

Question

You are given the following information for Dawn Corp. Decrease in inventory Decrease in accounts payable Increase in notes payable Increase in accounts receivable $ 570 235 220 250 Did cash go up or down? By how much? Cash (Click to select) 4 by S Classify each event as a source or use of cash. A decrease in inventory is a A decrease in accounts payable is a An increase in notes payable is a An increase in accounts receivable is a (Click to select) (Click to select) (Click to select) (Click to select) +

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount A decrease in inventory                       570.00 A decrease in Accounts payable                     (235.00) Increase in notes payable                       220.00 Increase in accounts receivable                     (250.00) Cash increased by                         305.00 A decrease in inventory is a source of cash A decrease in Accounts payable is a use of cash Increase in notes payable is a source of cash Increase in accounts receivable is a use of cash

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