Which of the following is a use of cash?
A)Purchasing equipment for cash
B)Purchasing supplies on account
C)Declaring a dividend
D)Collecting receivable payments from customers

Name: Which of the following is a use of cash? A)Purchasing equipment for cash B)Purchasing supplies on account C)Declaring a dividend D)Collecting receivable payments from customers
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Purchasing equipment for cash is a use of cash because it involves spending cash to acquire an asset.

Which of the Following Is a Use of Cash