Which of the following transactions is not a typical use of cash?
A)Payment of short-term debt with cash.
B)Purchase of treasury shares for cash.
C)Acquisition of a building for cash.
D)Sale of equipment for less than book value.

Question

Quizplus · Accepted Answer

The sale of equipment for less than book value is not a use of cash; it is a source of cash, even if the sale results in a loss.

Which of the Following Transactions Is Not a Typical Use