Which of the following transactions would be shown in the non-cash investing and financing activities section of the cash flow statement?
A)Sold equipment with book value of $4 000 in exchange for $1 000 cash and a $3 000 bill
B)Issued 10 000 shares at $5 per share
C)Purchased land for a $20 000 deposit and a mortgage payable of $180 000
D)Settled a long-term bill payable by issuing ordinary shares

Question

Quizplus · Accepted Answer

The Answer of Which of the following transactions would be shown in the non-cash investing and financing activities section of the cash flow statement?
A)Sold equipment with book value of $4 000 in exchange for $1 000 cash and a $3 000 bill
B)Issued 10 000 shares at $5 per share
C)Purchased land for a $20 000 deposit and a mortgage payable of $180 000
D)Settled a long-term bill payable by issuing ordinary shares

Which of the Following Transactions Would Be Shown in the Non-Cash