Which of the following are uses of cash?
I. marketable securities are sold.
II. the amount of inventory on hand is increased.
III. the firm takes out a long-term bank loan.
IV. payments are paid on accounts payable.
A) I and III only.
B) II and IV only.
C) I and IV only.
D) II and III only.
E) II, III and IV only.

Question

Quizplus · Accepted Answer

Increasing inventory and paying accounts payable both use cash, as they involve spending or allocating cash resources.

Which of the Following Are Uses of Cash