You are given the following information for Ortiz Corporation: Decrease in inventory $ 610 Decrease in accounts payable 255 Increase in notes payable 240 Increase in accounts receivable 270 Did cash go up or down? By how much?

You are given the following information for Ortiz Corporation: Decrease in inventory $ 610 Decrease in accounts payable 255 Increase in notes payable 240 Increase in accounts receivable 270 Did cash go up or down? By how much?

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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Question

You are given the following information for Ortiz Corporation:

Decrease in inventory	$ 610
Decrease in accounts payable	255
Increase in notes payable	240
Increase in accounts receivable	270

Did cash go up or down? By how much?

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