Extracts from Renée's statements of financial position at 31 December 20X3 and 20X4 show the following information about current assets and current liabilities: Which one of the following statements is correct?
A)There has been a cash inflow in respect of trade payables.
B)There has been a cash inflow in respect of inventory.
C)There has been a cash inflow in respect of trade receivables.
D)None of the above

Question

Extracts from Renée's statements of financial position at 31 December 20X3 and 20X4 show the following information about current assets and current liabilities:  Which one of the following statements is correct?
A)There has been a cash inflow in respect of trade payables. 
B)There has been a cash inflow in respect of inventory. 
C)There has been a cash inflow in respect of trade receivables. 
D)None of the above

Quizplus · Accepted Answer

The Answer of Extracts from Renée's statements of financial position at 31 December 20X3 and 20X4 show the following information about current assets and current liabilities:  Which one of the following statements is correct?
A)There has been a cash inflow in respect of trade payables. 
B)There has been a cash inflow in respect of inventory. 
C)There has been a cash inflow in respect of trade receivables. 
D)None of the above

Extracts from Renée's Statements of Financial Position at 31 December