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2. Which one of the following transactions is a source of cash? A. granting credit to a customer B. purchasing new machinery C. making a
2. Which one of the following transactions is a source of cash?
A. granting credit to a customer
B. purchasing new machinery
C. making a payment on a bank loan
D. purchasing inventory
E. accepting credit from a supplier
3. Which TWO of the following transactions represent uses of cash?
A. Collecting a receivable
B. Increasing inventory
C. Obtaining a bank loan
D. Issuing common stock
E. Paying a supplier for previous purchases
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