A Source of Cash from Operating Activities Is ________

question 71

Multiple Choice

A source of cash from operating activities is ________.

• A)proceeds from a loan
• B)collection of an account receivable
• C)cash received from the sale of used equipment
• D)cash received from the sale of treasury stock

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Definitions:

Daily Posting

The process of recording and updating financial transactions in the books of accounts on a daily basis.

Accounts Receivable

Monetary claims a company holds against customers for supplied goods or services awaiting financial settlement.

Sales Journal

A specialized accounting journal used to keep track of the sales of items on credit.

Accounts Receivable

Accounts receivable refers to the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.