Which of the following is$\textbf{ not }$ a source of cash?
A)Dividends received on investment
B)Borrowing $5,000 on short-term note
C)Gain on sale of warehouse
D)All of these ans choices are sources of cash

Question

Which of the following is$\textbf{   not       }$  a source of cash?
A)Dividends received on investment
B)Borrowing $5,000 on short-term note
C)Gain on sale of warehouse
D)All of these ans choices are sources of cash

Quizplus · Accepted Answer

A gain on the sale of an asset is a non-cash event and does not have an impact on the cash balance of a company. Therefore, it is not a source of cash. Choice A and B are sources of cash as they increase the cash balance of a company, and choice D is incorrect as it includes C as a source of cash.

Which of the Following Is not \textbf{ not } not

Which of the Following Is $\textbf{ not }$