Multiple Choice
Which of the following transactions would be shown in the non- cash investing and financing activities section of the cash flow statement?
A) Purchased a building in exchange for 10 000 ordinary shares
B) Issued 10 000 shares at $5 per share
C) Sold equipment with book value of $4 000 in exchange for $1 000 cash and a $3 000 note
D) Borrowed $22 000 cash on a bill payable
Correct Answer:
Verified
Correct Answer:
Verified
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