The Conversion of Current Assets from Inventory to Receivables to Cash

question 94

Multiple Choice

The conversion of current assets from inventory to receivables to cash provides the___________ of cash used to pay the current liabilities, which represents a(n) ___________ of cash.

• A) source, use
• B) inflow, outflow
• C) outflow, inflow
• D) use, source

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Definitions:

Cuddling

The act of holding someone closely in one's arms as a way of showing affection or gaining comfort.

Activation

The process or state of making something active or operative, particularly in relation to psychological or physiological responses.

Aroused

Refers to the state of being awakened or stimulated, either physically, mentally, or emotionally.

Astonished

Greatly surprised or amazed, often beyond expectation.