Which of the Following Transactions Would Be Shown in the Noncash

question 96

Multiple Choice

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

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

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Definitions:

Tendonitis

Inflammation of a tendon, typically caused by overuse, leading to pain and discomfort in the affected area.

Sternocleidomastoid Muscles

The paired muscles in the neck that facilitate head movement and play a role in respiration; they run from the sternum and clavicle to the mastoid process of the temporal bone.

Torticollis

A condition also known as 'twisted neck,' where the head is tilted due to tightness or shortness of the neck muscles on one side.

Elbow Joint

A hinge joint that connects the forearm to the upper arm, allowing for the flexion and extension of the forearm.