In 2012, Witherby Inc issued 1,000 ordinary shares of €10 par value for land worth €40,000.if witherby uses IFRS responding, how would the company most likely reported the transaction on the statements of cash flows?
A) It is reported as net cash provided by financing activities.
B) It is reported as net cash used by financing activities.
C) It is not presented on the statement of cash flows;it will be presented in the notes to the financial statement as significant non-cash transactions.
D) None of these are acceptable
Correct Answer:
Verified
Q45: Use the following information for questions.
Napier Co.provided
Q48: Use the following information for questions.
Napier Co.provided
Q51: When using the indirect method to prepare
Q51: When preparing a statement of cash flows,
Q52: If non-cash investing and financing activities are
Q53: All of the following are arguments in
Q53: When preparing a statement of cash flows,
Q54: Which of the following is false concerning
Q55: Use the following information for questions.
The balance
Q63: All of the following could potentially be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents