Which One of the Following Is a Source of Cash

question 100

Multiple Choice

Which one of the following is a source of cash?

• A) an increase in accounts receivable
• B) an increase in fixed assets
• C) a decrease in long-term debt
• D) the payment of a cash dividend
• E) an increase in accounts payable

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Definitions:

Dishonored

A term used to describe a financial instrument, such as a check or promissory note, that has been refused acceptance or payment.

Personal Defense

A liability defense that is not applicable to holders in due course.

Modification

A change or alteration, often to a contract or agreement, altering its terms or conditions.

Dishonored

Referring to a financial instrument, such as a check or promissory note, that is not accepted or paid when presented for payment.