Which One of the Following Transactions Does Not Affect Cash

question 1

Multiple Choice

Which one of the following transactions does not affect cash?

• A) Acquisition and retirement of bonds payable.
• B) Write-off of an uncollectible accounts receivable.
• C) Acquisition of treasury stock.
• D) Payment of cash dividend.

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Definitions:

Nonconforming Goods

Products delivered under a contract that do not meet the specifications or quality standards agreed upon.

Resell

The act of selling an item that one has previously bought to another buyer.

Wrongfully Refuses

Refers to an unjust or unauthorized act of denying or rejecting something that is due or deserved.

Action For Damages

A legal proceeding initiated to seek compensation for harm or loss suffered due to another's negligence or wrongful act.