Which of the following is a source of cash?
A) an increase in accounts receivable
B) a decrease in wages payable
C) the acquisition of land
D) an increase in the amount owed on a note payable
E) the repurchase of outstanding shares of stock

Question

Quizplus · Accepted Answer

An increase in the amount owed on a note payable is a source of cash because it means the company has borrowed more money, thus increasing its cash reserves.

Which of the Following Is a Source of Cash