Which of the following transactions is a use of cash?
A)Short-term borrowing of cash
B)Acquisition of land by issuing a short-term note payable
C)Issuance of a stock dividend
D)Purchase of treasury stock

Question

Quizplus · Accepted Answer

Cash flows reported as financing activities include cash payments (outflows)to purchase treasury stock.The short-term borrowing of cash is a source of cash.The acquisition of land by issuing a short-term note and the issuance of a stock dividend are noncash investing and financing activities.

Which of the Following Transactions Is a Use of Cash