Question: You are given the following information for Ortiz Corporation: Decrease in inventory Decrease in accounts payable Increase in notes payable Increase in accounts receivable $
You are given the following information for Ortiz Corporation:
Decrease in inventory
Decrease in accounts payable
Increase in notes payable
Increase in accounts receivable
$
Did cash go up or down? By how much?
tableCashdecreased,by$
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
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