Determine the increase or decrease in cash for Rinky Supply Company for last year,given the following information.(Assume no other changes occurred during the past year. ) Decrease in marketable securities = $25
Increase in accounts receivables = $50
Increase in notes payable = $30
Decrease in accounts payable = $20
Increase in accrued wages and taxes = $15
Increase in inventories = $35
Retained earnings = $ 5
A) −$50
B) +$40
C) −$30
D) +$20
E) −$10
Correct Answer:
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