Question: You are given the following information for Thrice Corp.: Decrease in inventory $ 480 Decrease in accounts payable 190 Increase in notes payable 175 Increase

You are given the following information for Thrice Corp.:

Decrease in inventory $ 480
Decrease in accounts payable 190
Increase in notes payable 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.

A decrease in inventory is a .
A decrease in accounts payable is a .
An increase in notes payable is a .
An increase in accounts receivable is a .

(source of cash/ use of cash)

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