Which of the Following Transactions Would Be Shown in the Non-Cash

question 72

Multiple Choice

Which of the following transactions would be shown in the non-cash investing and financing activities section of the statement of cash flows?

• A) sold equipment with book value of $8,000 in exchange for $8,000 cash
• B) borrowed $32,000 cash on a note payable
• C) issued 15,000 shares of common stock at $3 per share
• D) purchased a building in exchange for 20,000 shares of common stock

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Definitions:

Assignment

The conveyance of ownership or entitlements between two parties.

Delegation

The act of transferring authority or responsibility from one person to another, typically within organizational or governmental contexts.

Personal

Relating to private aspects of a person's life, including personal interests, relationships, and belongings.

Lawsuit

A legal action taken by one party against another in a court of law, often to seek redress or compensation for a perceived wrong.