Which of the following is NOT an asset use transaction?
A) Paying cash to purchase land
B) Paying cash expenses
C) Paying off the principal of a loan
D) All of these are asset use transactions

Name: Which of the following is NOT an asset use transaction? A) Paying cash to purchase land B) Paying cash expenses C) Paying off the principal of a loan D) All of these are asset use transactions
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Question

Quizplus · Accepted Answer

Paying cash to purchase land is an asset exchange transaction.

Which of the Following Is NOT an Asset Use Transaction