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Long-term debt decreased by 1200 label each item as a

Question: Sources and Uses. For the year just ended, you have gathered the following information on the Holly Corporation:

a. A $200 dividend was paid.

b. Accounts payable increased by $500.

c. Fixed asset purchases were $900.

d. Inventories increased by $625.

e. Long-term debt decreased by $1,200. Label each item as a source or use of cash and describe its effect on the firm's cash balance.

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Finance Basics: Long-term debt decreased by 1200 label each item as a

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