Use the Following Information for Questions

question 67

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 preferred shares for cash:

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

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Definitions:

1,5-hexadiene

A linear diene compound with six carbon atoms and two double bonds located at the 1st and 5th carbon atoms.

π Transition

A type of electronic transition in molecules involving the excitation of an electron in a pi (π) bond to a higher energy state.

Photon

A quantum of light or electromagnetic radiation, carrying energy proportional to the radiation frequency but with zero rest mass.

1,3-butadiene

An organic compound that is a simple conjugated diene with the formula C4H6, which is used as a monomer in the production of synthetic rubber.