Question: You are given the following information for Thrice Corp.: Decrease in inventory $ 450 Decrease in accounts payable 175 Increase in notes payable 160 Increase
You are given the following information for Thrice Corp.:
Decrease in inventory $ 450
Decrease in accounts payable 175
Increase in notes payable 160 Increase in accounts receivable 190
Did cash go up or down? By how much? Classify each event as a source or use of cash.
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