An Example of a Transaction That Must Be Disclosed as a Noncash

question 8

Multiple Choice

An example of a transaction that must be disclosed as a noncash investing and financing activity includes all but which of the following?

• A)The retirement of debt by issuing equity stock.
• B)A transaction exchanging cash equivalents for cash.
• C)The leasing of assets in a transaction that qualifies as a capital lease.
• D)The purchase of noncash assets in exchange for equity or debt securities.
• E)The purchase of long-term assets financed by a cash down payment and a note payable to the seller for the balance.

Understand the concept of present value and its calculation.

Identify and explain the economic thoughts of historical and influential economists.

Explain the effects of interest rates on the economy, including the role of usury laws.

Understand the relationship between supply, demand, and pricing in various markets, including real estate and loanable funds.