Which of the following is always reported as an outflow of cash?
A. The accrual of warranty expense.
B. The declaration of a cash dividend.
C. The purchase of equipment for cash.
D. Amortization expense.
Answer:C
Which of the following is always reported as an outflow of cash?
A. The accrual of warranty expense. B. The declaration of a cash dividend. C. The purchase of equipment for cash. D. Amortization expense.