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

question 72

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 common stock at $3 per share
• D) purchased a building in exchange for 20,000 shares of common stock

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