Which of the following is not an operating cash flow?
Select one:
a. Payment of income tax
b. Purchase of equipment for cash
c. Payment of cash for operating expenses
d. Collection of cash from receivables

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A(n) __ asset is one which can be quickly converted into cashwithout significant loss in value.
Select one:
a. liquid
b. long-term
c. tangible
d. fixed
e. intangible

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Abdul-Rahim Taysir

Answer rating: 100% (QA)

Answer 1 b Purchase of equipment for cash Answer 2 a liquid Explanation 1 ... View the full answer