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

question 63

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 $6,500 in exchange for $6,500 cash
• B) settled a long-term note payable by issuing common stock
• C) issued 20,000 shares of stock at $4 per share
• D) purchased land for $30,000 cash

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Definitions:

Synapse

(SIN-aps) The junction where the axon terminal of a sending neuron communicates with a receiving neuron across the synaptic cleft.

Resting Potential

The slight negative electrical potential of the axon membrane of a neuron at rest, about –70 millivolts.

At Rest

A state where an object or individual is not in motion, or is experiencing mental or physical tranquility.

Cell

The basic structural, functional, and biological unit of all living organisms, acting as the building blocks of life.