American_Bankers_Association
CTFA · Question #24
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…
The correct answer is D. $12,012 decrease in notes payable. See the full explanation below for the reasoning.
Investment Management
Question
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:
Options
- A$7,000 decrease in cash
- B$5,005 decrease in accounts receivable
- C$10,001 increase in accounts payable
- D$12,012 decrease in notes payable
How the community answered
(24 responses)- A13% (3)
- B4% (1)
- C4% (1)
- D79% (19)
Topics
#sources and uses of funds#funds flow#balance sheet changes#notes payable
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