All of the following would appear as significant noncash investing and financing transactions in the notes or supplementary schedules to the financial statements except ________.
A) issuing preferred stock for cash
B) converting bonds into capital stock
C) exchanging land for a building
D) signing a capital finance lease

Question

Quizplus · Accepted Answer

Issuing preferred stock for cash is a cash transaction and would not appear as a significant noncash investing and financing transaction.

All of the Following Would Appear as Significant Noncash Investing