In the most general sense, which of the following would you expect to be true? Select one: a. If a current asset account and a current liability account both increase by the same amount, there is a...


In the most general sense, which of the following<br>would you expect to be true?<br>Select one:<br>a. If a current asset account and a current<br>liability account both increase by the same<br>amount, there is a net use of funds.<br>b. If the common stock outstanding increases<br>there is a use of funds.<br>c. If a liability account increases and an asset<br>account decreases by the same amount, there is<br>a net source of funds.<br>d. If fixed assets decrease by the amount of<br>depreciation for the year, there is a net use of<br>funds.<br>e. Changes in income and expense accounts<br>do not affect sources and uses of funds.<br>

Extracted text: In the most general sense, which of the following would you expect to be true? Select one: a. If a current asset account and a current liability account both increase by the same amount, there is a net use of funds. b. If the common stock outstanding increases there is a use of funds. c. If a liability account increases and an asset account decreases by the same amount, there is a net source of funds. d. If fixed assets decrease by the amount of depreciation for the year, there is a net use of funds. e. Changes in income and expense accounts do not affect sources and uses of funds.

Jun 03, 2022
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