Which one of the following is a source of cash?
A)repurchase of common stock
B)acquisition of debt
C)purchase of inventory
D)payment to a supplier
E)granting credit to a customer

Name: Which one of the following is a source of cash? A)repurchase of common stock B)acquisition of debt C)purchase of inventory D)payment to a supplier E)granting credit to a customer
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Question

Quizplus · Accepted Answer

Acquisition of debt is a source of cash because when a company borrows money, it receives cash from the lender.

Which One of the Following Is a Source of Cash