What is not a "non-cash" transaction?
A)Exchange of land with another company.
B)Conversion of preferred shares.
C)Payment of cash dividends.
D)Payment of stock dividends.

Question

Quizplus · Accepted Answer

Payment of cash dividends involves the use of cash, which makes it a cash transaction, not a non-cash transaction. Choices A, B, and D involve the exchange of assets or securities without the use of cash, making them non-cash transactions.

What Is Not a "Non-Cash" Transaction