Multiple Choice
Which of the following transactions would be shown in the noncash investing and financing activities section of the statement of cash flows?
A) Sold equipment with book value of $4,000 in exchange for $1,000 cash and a $3,000 note
B) Retired company bonds before the maturity date by paying a negotiated amount
C) Issued 10,000 shares of stock at $5 per share
D) Purchased land by signing an 8-year note for $200,000
Correct Answer:
Verified
Correct Answer:
Verified
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