Which of the Following Transactions Is Not Reported in the Statement

question 71

Multiple Choice

Which of the following transactions is not reported in the statement of cash flows as a cash flow from investing activities?

• A)Selling a depreciable asset for cash at a loss.
• B)Purchasing a patent using cash.
• C)Purchasing land in exchange for common stock.
• D)Purchasing shares of common stock of another company using cash.

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Definitions:

Sound Bites

Short, catchy excerpts from a speech or statement made for the purpose of media broadcasting.

Backchannel

A social media conversation that takes place during a presentation, in parallel with the speaker’s presentation.

Arouse Interest

To stimulate curiosity or attract attention towards something.

Common Goal

A shared objective or aim among a group of individuals or entities, which provides a unified direction and fosters collaboration.