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 $6,500 in exchange for $6,500 cash
B)settled a long-term Note Payable by issuing Common Stock
C)issued 20,000 shares of stock at $4 per share
D)purchased land for $30,000 cash

Question

Quizplus · Accepted Answer

Non-cash investing and financing activities involve transactions that do not involve the exchange of cash, such as settling a long-term Note Payable by issuing Common Stock. Option A involves the exchange of cash, option C involves the issuance of stock for cash, and option D involves the purchase of land for cash.

Which of the Following Transactions Would Be Shown in the Non-Cash