Which of the following is NOT a potential use of cash for a firm?
A)An increase in accounts receivable
B)An increase in taxes payable
C)A decrease in long-term debt
D)A decrease in retained earnings

Name: Which of the following is NOT a potential use of cash for a firm? A)An increase in accounts receivable B)An increase in taxes payable C)A decrease in long-term debt D)A decrease in retained earnings
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Question

Quizplus · Accepted Answer

An increase in taxes payable is a source of cash, not a use.

Which of the Following Is NOT a Potential Use of Cash