Which of the following is an asset source transaction?
A)Issued common stock
B)Paid a cash dividend to stockholders
C)Collected cash from customers in settlement of accounts receivable
D)Accrued salary expense

Question

Quizplus · Accepted Answer

Issuing common stock is an asset source transaction that increases assets (cash)and increases equity (common stock).Paying a cash dividend is an asset use transaction,receiving a payment on accounts receivable is an asset exchange transaction,and accruing salary expense is a claims exchange transaction.

Which of the Following Is an Asset Source Transaction