You are given the following information for Ortiz Corporation: $ 480 Decrease in inventory Decrease in...

  

Transcribed Image Text:

You are given the following information for Ortiz Corporation: $ 480 Decrease in inventory Decrease in accounts payable Increase in notes payable 190 175 Increase in accounts receivable 205 Did cash go up or down? By how much? Classify each event as a source or use of cash. Decrease in inventory is a Decrease in accounts payable is a Increase in notes payable is a Increase in accounts receivable is a You are given the following information for Ortiz Corporation: $ 480 Decrease in inventory Decrease in accounts payable Increase in notes payable 190 175 Increase in accounts receivable 205 Did cash go up or down? By how much? Classify each event as a source or use of cash. Decrease in inventory is a Decrease in accounts payable is a Increase in notes payable is a Increase in accounts receivable is a

Answer rating: 100% (QA)

To determine whether cash went up or down and classify each event as a source or use of cash we need ... View the full answer