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

question 63

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 $6,500 in exchange for $6,500 cash
• B) settled a long-term note payable by issuing common stock
• C) issued 20,000 shares of stock at $4 per share
• D) purchased land for $30,000 cash

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Definitions:

Collar Cells

Also known as choanocytes, are flagellated cells that line the interior of asconoid sponges and are used for feeding by generating water flow and filtering food particles.

Amebocytes

Cells found in the bloodstream of invertebrates that move like amoebas, involved in various functions including distributing nutrients and forming immune responses.

Attachment

The emotional bond that develops between a child and a caregiver, influencing personal development.

Feeding

The process by which organisms obtain and consume food to sustain life.