Question
Which one of the following is a source of cash? increase in common stock O decrease in retained earnings increase in accounts receivable O
Which one of the following is a source of cash? increase in common stock O decrease in retained earnings increase in accounts receivable O decrease in long-term debt Which one of the following is classified as an investment activity on the statement of cash flows? O purchase of inventory O purchase of equipment O repayment of a long-term debt Osale of common stock
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Answer D Decrease in LongTerm Debt Decrease in longterm debt is a source of cash because it reduces ...Get Instant Access to Expert-Tailored Solutions
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
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