Which of the following is NOT a source of cash from financing activities?
A)Repayment of long-term debt
B)Proceeds from issuance of common stock
C)Proceeds for long-term borrowing
D)Both A and C

Question

Quizplus · Accepted Answer

Repayment of long-term debt is a use of cash in financing activities, not a source of cash. Proceeds from the issuance of common stock and long-term borrowing are sources of cash.

Which of the Following Is NOT a Source of Cash