Which of the Following Transactions Increase Cash

question 122

Multiple Choice

Which of the following transactions increase cash?
1) Convert debt to common stock
2) Credit sales
3) Increase long-term debt
4) Issue common stock

• A)1 and 3
• B)2 and 4
• C)3 and 4
• D)1,2,and 4
• E)1,2,3,and 4

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Definitions:

Functional Groupings

The organization of objects, individuals, or data based on their characteristics or roles to achieve efficiency or categorization.

Business Activities

Operations, tasks, and work performed by a company to generate profits, including production, sales, and distribution among others.

Organizational Groupings

The manner in which a company or organization segments and organizes its internal structures or departments to improve efficiency and effectiveness.

Functional Groupings

The organization of products, services, or organizational units based on similar functions or purposes.