2. You are given the following information for Shinoda Corp.: Decrease in inventory$430 Decrease in accounts payable 165 Increase in notes payable 150 Increase in accounts receivable 180 1. Did cash go up or down? By how much? 2. Classify each event as a source or use of cash.

Name: 2. You are given the following information for Shinoda Corp.: Decr
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Description: 2. You are given the following information for Shinoda Corp.: Decrease in inventory$430 Decrease in accounts payable 165 Increase in notes payable 150 Increase in accounts receivable 180 1. Did cash go up or down? By how much? 2

Introduction:- A balance sheet is a statement of assets, liability, and equity. It is prepared…

Answered: 2. You are given the following…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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2. You are given the following information for Shinoda Corp.:

Decrease in inventory	$	430
Decrease in accounts payable		165
Increase in notes payable		150
Increase in accounts receivable		180

1. Did cash go up or down? By how much?

2. Classify each event as a source or use of cash.

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