Which of the Following Would Not Be Presented in the Financing

question 59

Multiple Choice

Which of the following would not be presented in the financing activities section of the statement of cash flows?

• A)Purchased a new office building by issuing a note payable
• B)Purchased treasury stock
• C)Repayment of long-term bonds payable
• D)Issuing of preferred stock

---

Definitions:

Leases

Contracts in which one party, the lessor, grants another party, the lessee, the right to use an asset for a specified period in return for regular payments.

Property

Legally recognized rights to possess, use, and dispose of something tangible or intangible.

Partnership

A legal arrangement where two or more individuals share the ownership, profits, and liabilities of a business.

Revised Uniform Partnership Act

The Revised Uniform Partnership Act provides an updated and standardized set of laws to govern the operation of partnerships within the jurisdictions that have adopted it.