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

question 78

Multiple Choice

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

• A)sold equipment with book value of $6,500 in exchange for $6,500 cash
• B)settled a long-term Note Payable by issuing Common Stock
• C)issued 20,000 shares of stock at $4 per share
• D)purchased land for $30,000 cash