Which of the following sections from the cash flow statement would include the payment of a bill payable by issuing ordinary shares?
A)The payment of a bill payable by issuing ordinary shares would be included in the financing section.
B)The payment of a bill payable by issuing ordinary shares would be included in the investing section.
C)The payment of a bill payable by issuing ordinary shares would be included in the operating section.
D)The payment of a bill payable by issuing ordinary shares would be included in the non-cash investing and financing section.

Question

Quizplus · Accepted Answer

The transaction involves issuing shares instead of using cash, so it is a non-cash financing activity.

Which of the Following Sections from the Cash Flow Statement