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 land for a $20 000 deposit and a mortgage note for $180 000
B) Sold equipment with book value of $4 000 in exchange for $1 000 cash and a $3 000 note
C) Issued 10 000 shares at $5 per share
D) Settled a long- term bill payable by issuing ordinary shares
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the following sections from the
Q26: Investors and management use the cash flow
Q27: Which of the following transactions would be
Q28: Which of the following would be considered
Q30: Arturo Sales purchased some equipment for $12
Q33: Qtopia Company uses the direct method to
Q65: Cash equivalents are assets that can be
Q74: Which of the following is NOT a
Q92: Which of the following sections from the
Q103: For purposes of the cash flow statement,cash