A mortgage incurred in exchange for an office building would be reported in the statement of cash flows in
A) the cash flows from financing activities section
B) the cash flows from investing activities section
C) a separate schedule
D) the cash flows from operating activities section

Question

Quizplus · Accepted Answer

A mortgage incurred in exchange for an office building is a non-cash financing and investing activity, which is typically reported in a separate schedule or note to the statement of cash flows, rather than in the main sections of the statement.

A Mortgage Incurred in Exchange for an Office Building Would