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Question 74 - CTFA discussion

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If the following are balance sheet changes:

$5,005 decrease in accounts receivable

$7,000 decrease in cash

$12,012 decrease in notes payable

$10,001 increase in accounts payablea 'use' of funds would be the:

A.
$7,000 decrease in cash
Answers
A.
$7,000 decrease in cash
B.
$5,005 decrease in accounts receivable
Answers
B.
$5,005 decrease in accounts receivable
C.
$10,001 increase in accounts payable
Answers
C.
$10,001 increase in accounts payable
D.
$12,012 decrease in notes payable
Answers
D.
$12,012 decrease in notes payable
Suggested answer: D
asked 16/09/2024
Mohammed Meddah
39 questions
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