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

question 95

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 $15,000 in exchange for $15,000 cash
• B) retired company bonds before the maturity date by paying a negotiated amount
• C) issued 50,000 shares of stock at $2 per share
• D) purchased land by signing a 10-year note for $500,000

---

Definitions:

Case Law

Case law consists of past judicial decisions that establish precedents and guide the interpretation and application of law in future cases.

Social Change

the transformation or evolution of cultural, economic, or political aspects of society over time.

Substantive Law

The segment of law that deals with the rights and duties of individuals and collective bodies, governing their relationships.

Procedural Law

The rules that govern the process of litigation, including court processes, evidence, and the steps both parties must follow in legal proceedings.