Metz Vets
The company's accountant prepared this reminder for his intern:
Cash = CL + LTL + CS + RE - NCCA - LTA
where:
CL = Current labilites
LTL = Long-tern liabilities
CS =Comman shares
RE = Retained earnings
NCCA = Nancash current assets
LTA = Long-term assets
-Refer to the figure Metz Vets.Which of the following activities results in a cash outflow?
A) decreases in noncash current assets (NCCA)
B) decreases in long-term assets (LTA)
C) increases in long-term liabilities (LTL)
D) decreases in retained earnings (RE)
Correct Answer:
Verified
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