Spettel Corporation's Comparative Balance Sheet Appears Below: the Company's

question 83

Multiple Choice

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000.
-Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?

• A) The change in Accounts Receivable is a use; The change in Inventory is a use
• B) The change in Accounts Receivable is a use; The change in Inventory is a source
• C) The change in Accounts Receivable is a source; The change in Inventory is a source
• D) The change in Accounts Receivable is a source; The change in Inventory is a use

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Definitions:

Cytoplasmic Granules

Specialized structures within cells that store and secrete various substances such as enzymes or pigments.

Eosinophils

A type of white blood cell, part of the immune response especially involved in fighting parasites and allergic reactions.

Neutrophils

A type of white blood cell important in the body's defense against infection by engulfing and destroying pathogens.

Hematocrit

The ratio of the volume of red blood cells to the total volume of blood, expressed as a percentage.