Which of the following transactions is not a direct use of cash?
A)Acquisition of inventory for cash.
B)Purchase of treasury shares with cash.
C)Exchanges of bonds payable for land.
D)Cash dividend paid.

Question

Quizplus · Accepted Answer

Exchanges of bonds payable for land is not a direct use of cash as it involves exchanging one asset (bonds payable) for another asset (land) without involving cash. The other options all involve the direct use of cash.

Which of the Following Transactions Is Not a Direct Use