Determine the increase or decrease in cash for Rinky Supply Company for last year, given the following information. (Assume no other changes occurred during the past year.) ? Dividend payment $25 Increase in accounts receivables $50 Increase in notes payable $30 Decrease in accounts payable $20 Increase in accrued wages and taxes $15 Increase in inventories $35 Addition to retained earnings $5
A. -$50
B. +$40
C. -$80
D. +$20
E. -$30
Answer: C
Business
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