A noncash item is defined as: current assets minus current liabilities as of the specified date. the daily increase, or decrease, in the accounts payable account. the incurrence of debt which does not have to be repaid for at least one year. an expense charged against revenues that does not affect the cash flow of a firm. any business transaction that does not immediately affect the cash flows of a firm. 2

A noncash item is defined as: a. current assets minus current liabilities as of the specified date. b. the daily increase, or decrease, in the accounts payable account. c. the incurrence of debt which does not have to be repaid for at least one year. d. an expense charged against revenues that does not affect the cash flow of a firm. e. any business transaction that does not immediately affect the cash flows of a firm