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Which of the Following Are Non-Cash Transactions or Events

question 9

Multiple Choice

Which of the following are non-cash transactions or events?
I. Credit sale
II. Barter transaction
III. Purchase of a building partly financed by a mortgage
IV. Takeover paid for with shares in the acquiring company

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Definitions:

Stated Value

A value assigned to a security or asset which is not determined by market forces.

Shares

Ownership segments in a corporation or financial asset, allowing for an equal share in declared profits, distributed as dividends.

No-Par Common Stock

Equity securities issued without a par value, where the board of directors determines the issuing price.

Par Preferred Stock

Preferred shares of a company's stock issued at a specific nominal value and with fixed dividend payments.

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