Selling new stock is an equity transaction;it does not affect any asset or liability account and,therefore,does not appear on the statement of cash flows.

Name: Selling new stock is an equity transaction;it does not affect any asset or liability account and,therefore,does not appear on the statement of cash flows.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Selling new stock is an equity transaction that increases cash (an asset) and equity, and it appears in the financing activities section of the statement of cash flows.

Selling New Stock Is an Equity Transaction;it Does Not Affect