Bamberg Corporation acquired a long-term investment by issuance of long-term debt.Indicate which section,if any,this transaction would appear in,or relate to,on a statement of cash flows.

Question

Quizplus · Accepted Answer

This transaction involves a noncash exchange where long-term debt is issued to acquire a long-term investment, so it would be reported in the schedule of noncash investing and financing transactions.

Bamberg Corporation Acquired a Long-Term Investment by Issuance of Long-Term