CFA Practice Question

There are 120 practice questions for this study session.

CFA Practice Question

Which of the following activities increase cash, if all other factors are equal?

I. Reducing long-term debt
II. Acquiring inventory
III. Selling fixed assets
IV. Factoring accounts receivable
Correct Answer: III and IV

I: A decrease in a liability is a use of cash. II: An increase in assets is a use of cash.

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