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

Question

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

Quizplus · Accepted Answer

The Answer of 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 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 use 
C) The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a source 
D) The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a use

The Most Recent Comparative Balance Sheet of Benefield Corporation Appears