Which of the following transactions increase cash?
1) Sales of goods and services for cash
2) Receiving cash dividends
3) Collection of accounts receivable
4) Reclassifying long-term debt to short-term debt
5) Accruing interest revenue
A) 1 and 2
B) 1 and 3
C) 1,2,and 3
D) 1,2,3,and 4
E) 1,2,3,and 5
Correct Answer:
Verified
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