An Example of a Non-Cash Investing or Financing Activity That

question 150

Multiple Choice

An example of a non-cash investing or financing activity that is disclosed in a supplementary schedule accompanying the statement of cash flows is:

• A) Recording depreciation expense for the current year.
• B) Declaring, but not paying, dividends on ordinary shares.
• C) Selling land in exchange for a note receivable.
• D) Transferring cash from a checking account into a money market fund.

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Definitions:

Ligaments

Strong, fibrous tissues that connect bones to other bones, providing stability and support in joints.

Superficial Portion

The part of a structure or organ that is closest to the surface of the body.

Pseudostratified Columnar

A type of epithelial tissue with cells of varying heights that appear stratified but each cell touches the basal lamina.

Stratified Squamous

A type of epithelial tissue composed of several layers of flat cells designed to protect underlying tissues in areas subject to abrasion and friction.