Which of the Following Transactions Is Not a Direct Use

question 57

Multiple Choice

Which of the following transactions is not a direct use of cash?

• A) Acquisition of inventory for cash.
• B) Purchase of treasury shares with cash.
• C) Exchange of bonds payable for land.
• D) Cash dividend paid.

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Definitions:

Petition

A formal written request, often signed by many people, appealing to authority with respect to a particular cause.

Claim

A formal assertion or demand for something as due, such as a right, property, or money, often made in a legal context.

Document Caption

The heading on a legal document that includes important information like the names of the parties, case number, and court of jurisdiction.

Title Of The Action

The formal name given to a legal case or proceeding, indicating the parties involved.