Which of the Following Is an Example of a Noncash

question 34

Multiple Choice

Which of the following is an example of a noncash activity?

• A)Sale of land for less than its cost.
• B)Purchase of land by issuing debt.
• C)Sale of land for more than its cost.
• D)Purchase of land using cash proceeds from issuance of common stock.

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Definitions:

In Rem Jurisdiction

Refers to a court's power over an item of property, rather than over a person.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties find a mutually satisfactory resolution.

Counterclaim

A legal claim brought against the plaintiff by the defendant, typically in response to the original lawsuit.

Affirmative Defense

A defense in which the defendant introduces evidence, which, if found to be credible, will negate criminal or civil liability, even if it is proven that the defendant committed the alleged acts.