Based on the following info for dawn corp., did cash go up or down? by how much? classify each event...

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Based on the following info for dawn corp., did cash go up or down? by how much? classify each event as source or use of cash.   decrease in inventory $365  decrease in account payable 215  increase in notes payable 260  increase in accounts receivable 240

Robert · Accepted Answer

Classification of the events as source or use of cash: 
1. Decrease in inventory $365 : Source of Cash 
2. Decrease in account payable 215 : Use of Cash 
3. Increase in notes payable 260 : Source of Cash 
4. Increase in accounts receivable 240:

Based on the following info for dawn corp., did cash go up or down? by how much? classify each event as source or use of cash. decrease in inventory $365 decrease in account payable 215 increase in...

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