Question: Refer to the information for Peterson Inc above A review of

Refer to the information for Peterson Inc. above.
A review of the balance sheet of Peterson Inc. revealed the following changes in the account balances:
a. Increase in long-term investment
b. Increase in accounts receivable
c. Increase in common stock
d. Increase in long-term debt e. Decrease in accounts payable
f. Decrease in supplies inventory
g. Increase in prepaid insurance
h. Decrease in retained earnings

Indicate whether each of the changes above produces a cash inflow, a cash outflow, or is a non- cash activity.

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  • CreatedSeptember 22, 2015
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