All of the following are examples of significant noncash activities EXCEPT
A) issue debt in exchange for assets.
B) issue common shares in exchange to purchase assets.
C) exchange of property, plant and equipment.
D) issuance of bonds for cash to purchase assets.

Question

Quizplus · Accepted Answer

Issuance of bonds for cash to purchase assets is not considered a noncash activity because it involves a cash transaction. Noncash activities typically involve the exchange of noncash assets or liabilities in transactions not affecting cash directly.

All of the Following Are Examples of Significant Noncash Activities