Which of the Following Transactions Would Not Be Reported Within

question 65

Multiple Choice

Which of the following transactions would not be reported within the investing section of the cash flow statement?

• A)The cash sale of land at a gain.
• B)The purchase of a building for cash.
• C)The purchase of a stock investment for cash.
• D)The cash receipt of a dividend from a stock investment.

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Definitions:

Secured Party

A lender or investor who has a legal right or interest in collateral pledged by a borrower to secure repayment of a loan.

Revised Article 9

An update to the Uniform Commercial Code that deals with secured transactions, outlining the rules regarding the granting of a security interest in personal property.

UCC

An all-encompassing body of laws, known as the Uniform Commercial Code, administers the conduct of commercial transactions throughout the United States.

Secured Transactions

A financial arrangement where the borrower guarantees the repayment of a debt by giving the lender a security interest in certain assets as collateral.