Which of the below is a USE of cash?
A)Credit Sales
B)Retirement of debt (paying off loans and bonds)
C)Bank loans
D)Cash sales of equipment or other assets of the company

Name: Which of the below is a USE of cash? A)Credit Sales B)Retirement of debt (paying off loans and bonds) C)Bank loans D)Cash sales of equipment or other assets of the company
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Question

Quizplus · Accepted Answer

Retirement of debt involves using cash to pay off loans and bonds, which directly reduces the company's cash balance.

Which of the Below Is a USE of Cash