Excerpts from Welshans Corporation's Comparative Balance Sheet Appear Below

question 54

Multiple Choice

Excerpts from Welshans Corporation's comparative balance sheet appear below:
Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?

• A) The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a source
• B) The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a source
• C) The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a use
• D) The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a use

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