Significant noncash transactions would NOT include
A) conversion of bonds into common shares.
B) asset acquisition through issue of note payable.
C) reacquisition of common shares.
D) exchange of property, plant, and equipment.

Question

Quizplus · Accepted Answer

Significant noncash transactions typically involve exchanges that do not use cash but still affect the financial position of the company. Reacquisition of common shares usually involves cash transactions, making it not a noncash transaction, unlike the other options which are examples of noncash activities.

Significant Noncash Transactions Would NOT Include