Which of the Following Transactions Would Be Shown in the Noncash

question 99

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) Settled a long-term note payable by issuing common stock
• C) Issued 10,000 shares of stock at $5 per share
• D) Purchased land for a $20,000 down payment and a mortgage note for $180,000

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Event

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Integrity

The characteristic of being truthful and upholding high ethical standards, or the condition of being unified and intact.

Erikson

Refers to Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on the psychosocial development of human beings.

Basic Trust

A sense of confidence and security in the world, typically developed in early childhood.