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

question 27

Multiple Choice

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

• A)Purchased a building in exchange for 10 000 ordinary shares
• B)Issued 10 000 shares at $5 per share
• C)Sold equipment with book value of $4 000 in exchange for $1 000 cash and a $3 000 note
• D)Borrowed $22 000 cash on a bill payable

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