The Most Recent Comparative Balance Sheet of Benefield Corporation Appears

question 93

Multiple Choice

The most recent comparative balance sheet of Benefield Corporation appears below:
-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 source; The change in Inventory is a use
• B) The change in Accounts Receivable is a source; The change in Inventory is a source
• C) The change in Accounts Receivable is a use; The change in Inventory is a use
• D) The change in Accounts Receivable is a use; The change in Inventory is a source

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Definitions:

Computerization

The process of applying computer technology and systems to automate tasks, processes, and operations, transforming how work is done, data is managed, and information is shared.

Perfect Competition

A market structure characterized by a complete absence of rivalry among the producers, with many buyers and sellers, where all entities sell an identical product.

Perfect Knowledge

A hypothetical situation in economics where all consumers and producers have complete and instantaneous knowledge of all market prices, conditions, and trends.

Perfect Mobility

A theoretical condition where factors of production, such as labor and capital, can be freely moved from one use to another without costs or barriers.