Which One of the Following Is a Source of Cash

question 64

Multiple Choice

Which one of the following is a source of cash?

• A) A sale of merchandise to a customer on credit.
• B) The purchase of new equipment for cash.
• C) The payment of a long-term debt.
• D) The purchase of goods from a supplier on credit.
• E) A stock repurchase.

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Definitions:

Arbitration

A type of alternative dispute resolution wherein disputes are submitted for resolution to private non-official persons selected in a manner provided by law or the agreement of the parties.

Dispute Resolution

The process of resolving disagreements between parties through negotiation, mediation, arbitration, or legal proceedings.

Private

Relating to or intended for an individual or group rather than the public or the state; not governmental.

Express Warranties

Are explicit, confirmed promises made by a seller to a buyer about the condition or quality of a product or service.