Which of the following is a source of cash Select one O a A
Which of the following is a source of cash? Select one: O a. A. Issuance of long-term debt O b. B. Increase in inventories O c. C. Decrease in accounts payable O d. D. Increase in accounts receivable O e. E. None of the above
Solution
The correct option is A. issuance of long-term debt.
Explanation:
When issuing the debt the organization or entity will receive cash from the debt holder who purchased the debt. Thus, Cash comes in is a source of cash .
