Use the Following Information for Questions

question 92

Multiple Choice

Use the following information for questions
Ingles Corp., a private company reporting under ASPE, engaged in the following transactions.For each transaction, indicate where, if at all, it would be classified on the statement of cash flows.
-Issue of common shares in exchange for equipment:

• A)operating activities section
• B)investing activities section
• C)financing activities section
• D)does not represent a cash flow

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Definitions:

Negative

Expressing or suggesting a denial, refusal, or contradiction, or connoting something undesirable or harmful.

Positive Statement

A statement that confirms, affirms, or expresses a positive attitude or outcome.

Hidden Negatives

Subtle or disguised expressions of refusal or disapproval.

Negative

Characterized by the absence of positivity, often involving criticism or undesirable outcomes.