Which of the following transactions is not a direct use of cash?
A) Acquisition of inventory for cash.
B) Purchase of treasury shares with cash.
C) Exchange of bonds payable for land.
D) Cash dividend paid.

Question

Quizplus · Accepted Answer

C) Exchange of bonds payable for land is not a direct use of cash because it involves swapping one asset (bonds payable) for another (land) without the immediate use of cash.

Which of the Following Transactions Is Not a Direct Use