Which of the following would cause an inflow of cash?
A) Payment of a long-term debt
B) Purchase of inventory for cash
C) Sale of an asset for cash at less than its book value
D) Issuing common stock in payment for legal services already provided

Question

Quizplus · Accepted Answer

C) Sale of an asset for cash, regardless of the sale price relative to its book value, results in an inflow of cash to the company.

Which of the Following Would Cause an Inflow of Cash