Excerpts from Blackner Corporation's comparative balance sheet appear below:
Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?
A) The change in Accounts Receivable is a source; The change in Inventory is a source
B) The change in Accounts Receivable is a use; The change in Inventory is a use
C) The change in Accounts Receivable is a use; The change in Inventory is a source
D) The change in Accounts Receivable is a source; The change in Inventory is a use

Question

Excerpts from Blackner Corporation's comparative balance sheet appear below: 
Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?
A) The change in Accounts Receivable is a source; The change in Inventory is a source 
B) The change in Accounts Receivable is a use; The change in Inventory is a use 
C) The change in Accounts Receivable is a use; The change in Inventory is a source 
D) The change in Accounts Receivable is a source; The change in Inventory is a use

Quizplus · Accepted Answer

The Answer of Excerpts from Blackner Corporation's comparative balance sheet appear below: 
Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?
A) The change in Accounts Receivable is a source; The change in Inventory is a source 
B) The change in Accounts Receivable is a use; The change in Inventory is a use 
C) The change in Accounts Receivable is a use; The change in Inventory is a source 
D) The change in Accounts Receivable is a source; The change in Inventory is a use

Excerpts from Blackner Corporation's Comparative Balance Sheet Appear Below