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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 15
Reporting Noncash Investing and Financing Activities
Which of the following transactions would be considered noncash investing and financing activities
_____ 1. Additional borrowing from bank.
_____ 2. Purchase of equipment with investments.
_____ 3. Dividends paid in cash.
_____ 4. Purchase of a building with a promissory note.
Which of the following transactions would be considered noncash investing and financing activities
_____ 1. Additional borrowing from bank.
_____ 2. Purchase of equipment with investments.
_____ 3. Dividends paid in cash.
_____ 4. Purchase of a building with a promissory note.
Explanation
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The following items should be considered...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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