Which of the following is NOT a noncash item?
A) Depreciation
B) Taxes
C) Prepaid expenses
D) Prepaid taxes

Question

Quizplus · Accepted Answer

Noncash items refer to expenses that do not require cash payments. Depreciation, prepaid expenses, and prepaid taxes all fall under noncash items as they involve the use of already existing assets. Taxes, on the other hand, are cash expenditures and do not fall under the category of noncash items.

Which of the Following Is NOT a Noncash Item