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A Source of Cash Can Be Defined as Any Activity

Question 171

Multiple Choice

A source of cash can be defined as any activity that:


A) Increases the current assets of a firm.
B) Increases the cash reserves of a firm.
C) Involves accounts receivable or inventory.
D) Involves the sale or return of merchandise by a customer.
E) Involves the spending of cash.

Correct Answer:

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