Which of the following is a source of cash?
A)an increase in accounts receivable
B)the acquisition of land
C)an increase in the amount owed on a note payable
D)the repurchase of outstanding shares of stock

Question

Quizplus · Accepted Answer

An increase in the amount owed on a note payable is a source of cash because it indicates that the company has borrowed more money, which increases its cash balance.

Which of the Following Is a Source of Cash