According to the Statement of Cash Flows, an Increase in Inventory

question 91

Multiple Choice

According to the statement of cash flows, an increase in inventory will ________ the cash flow from ________ activities.

• A) increase; operating
• B) decrease; financing
• C) decrease; operating
• D) increase; financing
• E) increase; investment

Analyze the enforceability of oral modifications to written contracts.

Examine the role of parol evidence rule in contract interpretation and enforcement.

Recognize the legal obligations arising from personal guarantees.

Understand the legal implications of contracts involving minors.

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Definitions:

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