Which statement is correct given the following statement of financial position information?
A) Accounts receivable was a source of $345 cash.
B) Inventory was a use of $398 of cash.
C) Net working capital was a use of $408 of cash.
D) Accounts payable was a source of $461 cash.
E) Net working capital was a source of $514 of cash.

Question

Which statement is correct given the following statement of financial position information? 
A) Accounts receivable was a source of $345 cash. 
B) Inventory was a use of $398 of cash. 
C) Net working capital was a use of $408 of cash. 
D) Accounts payable was a source of $461 cash. 
E) Net working capital was a source of $514 of cash.

Quizplus · Accepted Answer

The Answer of Which statement is correct given the following statement of financial position information? 
A) Accounts receivable was a source of $345 cash. 
B) Inventory was a use of $398 of cash. 
C) Net working capital was a use of $408 of cash. 
D) Accounts payable was a source of $461 cash. 
E) Net working capital was a source of $514 of cash.

Which Statement Is Correct Given the Following Statement of Financial