Which Transaction Would Not Appear in the Body of a Statement

question 65

Multiple Choice

Which transaction would not appear in the body of a statement of cash flows?

• A)Acquisition of assets by means of a share issue.
• B)Purchase of a building by incurring a mortgage to the seller.
• C)Conversion of a liability to equity.
• D)All of the above.

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Definitions:

Obtain Resources

The act of securing the assets, finances, or materials required by a business or organization to operate and achieve its objectives.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, carrying on business, and suing or being sued.

Book Publisher

A company or individual responsible for the reproduction, marketing, and distribution of books.

Manufacturing Business

A type of business that produces goods through the process of raw materials conversion using labor, machinery, and equipment.