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

question 96

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 $8,000 in exchange for $8,000 cash
• B)borrowed $32,000 cash on a Note Payable
• C)issued 15,000 shares of stock at $3 per share
• D)purchased a building in exchange for 20,000 shares of Common Stock

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Definitions:

Demand Function

A mathematical equation that describes the relationship between the quantity demanded of a good and its various determinants like price, income, and prices of related goods.

Price of X

The amount of money or compensation required to purchase one unit of product X.

Club Membership

Refers to being a registered or paying member of a specific group, organization, or club which provides certain benefits or access to activities.

Utility Function

A utility function is a mathematical representation used in economics to depict the satisfaction or utility a consumer derives from consuming a good or service.