A Firm Has the Following Account Balances

question 80

Multiple Choice

A firm has the following account balances.Which one of the following statements is correct concerning those balances?

• A)Accounts receivable is a $900 source of cash.
• B)Common stock is a $1,500 source of cash.
• C)Net working capital, excluding cash, is a $1,500 use of cash.
• D)Long-term debt is a $5,800 source of cash.
• E)Total debt is a $6,100 use of cash.

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