Which of the following transactions would be shown in the non-cash investing and financing activities section of the statement of cash flows?
A) sold equipment with book value of $8,000 in exchange for $8,000 cash
B) borrowed $32,000 cash on a Note Payable
C) issued 15,000 shares of stock at $3 per share
D) purchased a building in exchange for 20,000 shares of Common Stock
Correct Answer:
Verified
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