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Which of the Following Transactions Increase Cash

Question 89

Multiple Choice

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:

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