In 2012,P Co Reported an Increase in Trade Receivables of $303

question 84

Multiple Choice

In 2012,P Co reported an increase in trade receivables of $303 million,and an increase in inventory of $284 million.They also experienced an increase in short-term borrowings of $3,921 million and an increase in trade payables of $253 million.Calculate the net cash effect of these changes.

• A)$3,587 million decrease
• B)$4,761 million increase
• C)$3,587 million increase
• D)$4,761 million decrease

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Definitions:

Responsibility

The obligation to perform duties or tasks assigned and to be accountable for the outcomes of those actions.

Detailed Reports

Detailed reports are comprehensive documents that provide an in-depth analysis of specific subjects or data, offering a closer look into activities, performance, or findings.

Value Basis Method

A valuation approach for determining the worth of an asset or liability based on a specific foundational value, potentially involving adjustments over time.

Joint Costs

The costs that are incurred from producing multiple products in the same process, not easily attributed to individual products.