Which of the following is a use of cash?
A)Purchasing equipment for cash
B)Purchasing supplies on account
C)Declaring a dividend
D)All of these answer choices are uses of cash

Question

Quizplus · Accepted Answer

Purchasing equipment for cash involves the exchange of cash for an asset (equipment) which is a use of cash.

Answer: C
 Declaring a dividend involves the distribution of cash to shareholders, which is also a use of cash.

Therefore, the correct answer is D: All of these answer choices are uses of cash.

Which of the Following Is a Use of Cash