Which of the Following Would Not Be Found in a Schedule

question 141

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

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Definitions:

IFRS

International Financial Reporting Standards, which are global accounting guidelines providing a common language for business affairs so that company accounts are understandable and comparable across international boundaries.

Lender's Perspective

The viewpoint or concerns of the party providing funds to a borrower, focusing on the return of loaned money with interest.

Accounting Mismatch

Occurs when revenues and expenses or assets and liabilities affecting them are recognized in different periods, potentially misrepresenting financial performance.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for financial reporting worldwide.