Which One of These Will Increase a Firm's Cash Balance

question 58

Multiple Choice

Which one of these will increase a firm's cash balance?

• A) An increase in inventory
• B) A decrease in accounts payable
• C) An increase in common stock
• D)An increase in new equipment

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Definitions:

Sale of Goods Act

A legal act regulating the sale of goods, ensuring certain standards like goods being as described, of satisfactory quality, and fit for purpose.

Distance shopping

Refers to the purchasing of goods or services by consumers from a seller without face-to-face interaction, typically through digital means.

Bankruptcy and Insolvency Act

A statute that governs bankruptcy and insolvency proceedings, providing a legal framework for the resolution of financial distress in individuals and corporations.

Unpaid Seller

A vendor who has provided goods or services but has not yet received payment from the buyer.