American_Bankers_Association
CTFA · Question #24
CTFA Question #24: Real Exam Question with Answer & Explanation
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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
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