Which of the following events is not a source of cash?
A)collection of accounts receivable
B)receipt of loan proceeds
C)sale of treasury stock
D)amortization of a patent

Name: Which of the following events is not a source of cash? A)collection of accounts receivable B)receipt of loan proceeds C)sale of treasury stock D)amortization of a patent
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Amortization of a patent is a non-cash expense and does not involve a cash transaction. The other three events all involve an inflow of cash.

Which of the Following Events Is Not a Source of Cash