An Example of a Transaction That Must Be Disclosed as a Noncash

question 128

Multiple Choice

An example of a transaction that must be disclosed as a noncash investing and financing activity includes all but which of the following?

• A)The retirement of debt by issuing equity stock.
• B)A transaction exchanging cash equivalents for cash.
• C)The leasing of assets in a long-term lease transaction.
• D)The purchase of noncash assets in exchange for equity or debt securities.
• E)The purchase of long-term assets financed by issuing a note or bond.

---

Definitions:

Ethnic Group

A community or population made up of people who share a common cultural background, including language, religion, and traditions.

Functionalists

Scholars within sociology who focus on the role that social structures and institutions play in maintaining order and stability in society.

Reproduction Of Society

The processes by which societies ensure continuity through the maintenance and transmission of culture, norms, and values across generations.

Makuahine

Hawaiian term for "mother," highlighting cultural importance and respect for the role.