Which of the Following Does Not Represent an Outflow of Cash

question 37

Multiple Choice

Which of the following does not represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash?

• A) purchase of noncurrent assets
• B) purchase of treasury stock
• C) discarding an asset that had been fully depreciated
• D) payment of cash dividends

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Definitions:

Full Faith and Credit Clause

The Full Faith and Credit Clause is a provision in the United States Constitution that requires states to respect the "public acts, records, and judicial proceedings" of every other state.

Judgment

The formal decision or verdict given by a court at the end of a lawsuit.

Vermont

A state located in the northeastern region of the United States, known for its natural landscapes and outdoor activities.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing essential rights and freedoms to American citizens.