In: Accounting
Which of the following events would not result in a cash inflow?
a. sale of preferred convertible stock
b. exchanging note receivable for account receivable
c. reissuance of treasury stock
d. loss of building destroyed by hurricane but partially reimbursed by insurance
Option B
When note receivable is exchanged for account recievable... One current asset is exchanged with another. No cash element is involved involved in this transaction