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For Each of the Following Transactions Indicate the Effect on the Cash

Question 173

Matching

For each of the following transactions indicate the effect on the cash balance. Use + for increase, - for decrease, and 0 for no effect.

Premises:
Payment of interest
Receipt of stock dividends
Receipt of cash dividends
Acquisition of a patent by issuing common stock
Conversion of debt to common stock
Sale of treasury stock
Sale of merchandise for cash
Payment of salaries
Purchase of land
Payment of accounts payable
Payment of cash dividends
Responses:
-
+
0

Correct Answer:

Payment of interest
Receipt of stock dividends
Receipt of cash dividends
Acquisition of a patent by issuing common stock
Conversion of debt to common stock
Sale of treasury stock
Sale of merchandise for cash
Payment of salaries
Purchase of land
Payment of accounts payable
Payment of cash dividends
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