The purchase of supplies for cash will result in a/an a.increase in cash and a decrease in capital. b. increase in cash and an increase in supplies. c. increase in supplies and a decrease in cash. d. increase in equipment and an increase in capital.

The purchase of supplies for cash will result in a/an a.increase in cash and a decrease in capital. b. increase in cash and an increase in supplies. c. increase in supplies and a decrease in cash. d. increase in equipment and an increase in capital.

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 5MCQ

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Question

The purchase of supplies for cash will result in a/an

a.increase in cash and a decrease in capital.
b. increase in cash and an increase in supplies.
c. increase in supplies and a decrease in cash.
d. increase in equipment and an increase in capital.

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