Spettel Corporation's Comparative Balance Sheet Appears Below: the Company's

Multiple Choice

Spettel Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $11,000 and its cash dividends were $2,000.
-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 use
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 source