Solution-Sources and uses for the year just ended you have

Sources and uses for the year just ended you have gathered

Reference no: EM13484487

Sources and Uses for the year just ended, you have gathered the following information about the Holly Corporation.

a. A $200 dividend was paid.
b. Accounts payable increased by $500.
c. Fixed asset purchases were $900.
d. Inventories increased by $625.
e. Long-term debt decreased by $1,200.

Label each as a source or use of cash and describe its effect on the firm's cash balance.

Reference no: EM13484487

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Sources and uses for the year just ended you have gathered

Reference no: EM13484487

Reference no: EM13484487

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