Which of the following transactions would be shown in the noncash investing and financing activities section of the statement of cash flows?
A) Sold equipment with book value of $4,000 in exchange for $1,000 cash and a $3,000 note
B) Retired company bonds before the maturity date by paying a negotiated amount
C) Issued 10,000 shares of stock at $5 per share
D) Purchased land by signing an 8-year note for $200,000
Correct Answer:
Verified
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