Which of the Following Would Not Be Found in a Schedule

question 130

Multiple Choice

Which of the following would not be found in a schedule of noncash investing and financing activities, reported at the end of a statement of cash flows?

• A) equipment acquired in exchange for a note payable
• B) bonds payable exchanged for capital stock
• C) purchase of treasury stock
• D) capital stock issued to acquire fixed assets

---

Definitions:

Direct Labor

The cost of wages and benefits for workers who are directly involved in the production of goods or the provision of services.

Finished Goods Inventory

Inventory of finished goods available for sale but not yet purchased by customers.

Factory Overhead

Indirect costs associated with manufacturing operations, such as utilities, maintenance, and salaries of supervisory personnel.

Direct Materials Purchased

This involves the acquisition of raw materials that are directly used in the manufacturing of a product, constituting a significant portion of the production cost.