Paige Noted That She Disbursed $7,847 in Payments for Operations

question 94

Multiple Choice

Paige noted that she disbursed $7,847 in payments for operations in her travel agency and received $7,162 in cash receipts for services rendered. She had no cash receipts or disbursements from investments or financing activities. Thus, Paige had a

• A) positive disbursement.
• B) negative cash flow.
• C) bad debt allowance.
• D) tax credit payment.