A company has the following account balances. Which statement is correct concerning these balances Account...
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A company has the following account balances. Which statement is correct concerning these balances Account Accounts receivable Accounts payable Inventory Long-term debt Common stock Beginning Balance $ 16,400 20,300 63,600 127,500 212,400 Ending Balance $ 17,800 24,400 60,100 125,800 215,900 Multiple Choice Accounts receivable is a $1,400 source of cash. Common stock is a $3,500 use of cash. Net working capital, excluding cash, is a $6,100 use of cash. Long-term debt is a $1,700 source of cash. Total debt is a $2,400 source of cash
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