Cash is both the resource acquired and the resource given in the financing process.

Name: Cash is both the resource acquired and the resource given in the financing process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash is the medium of exchange and is used to acquire resources and settle obligations. In the financing process, cash is both the resource acquired (when a company borrows money) and the resource given (when a company repays debt or pays dividends).

Cash Is Both the Resource Acquired and the Resource Given