Question 1
Which of the following is a use of cash?
◦ Exchanging old auto for new auto and taking a note for sales price due
◦ Issuing long-term bonds
◦ Paying employees' monthly payroll
◦ Writing off an uncollectible account
Question 2
Which of the following is
not a use of cash?
◦ Purchasing supplies for cash
◦ Paying dividends to stockholders
◦ Repayment of bonds payable
◦ Buying inventory on account