Inventory Decreased by $100,000 and Wages Payable Decreased by $50,000

question 34

Multiple Choice

Inventory decreased by $100,000 and wages payable decreased by $50,000.What will be the net result in terms of cash flow?

• A) Cash increased by $50,000.
• B) Cash decreased by $50,000.
• C) Cash increased by $150,000.
• D) Cash decreased by $150,000.

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Definitions:

Delay Gratification

The ability to resist the temptation for an immediate reward and wait for a later, often larger or more valuable, reward.

Incremental Theorists

Individuals who believe that abilities and intelligence can be developed through effort and persistence, in contrast to the belief that such traits are fixed.

Entity Theorists

Individuals who believe that personal qualities, such as intelligence and character, are fixed and cannot change significantly over time.

Delay Gratification

The skill to forgo an immediate pleasure to receive a benefit in the future.