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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Uses of cash include

  1. a. cash dividends.
  2. b. the sale of old equipment.
  3. c. the purchase of long-term assets.
  4. d. only a and b
  5. e. only a and c.

To determine

Identify the option which includes the uses of cash.

Explanation

Uses of Cash:

Cash is the most liquid asset in a company. Being the most liquid asset, cash is used to perform all purchases and do all payments in a company.

e.

The option a is correct and the option c is also correct. Therefore, e is the correct option.

a.

The uses of cash include payment of cash dividends. This option is correct, but other option is correct as well. Therefore, a is not the correct option.

b.

The sale of old equipment does not include the use of cash...

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