A company buys a building by issuing bonds.How would it record the purchase of building?
A) It would be an increase to investing activities only.
B) It would be an increase to financing activities only.
C) It would be a noncash transaction listed in supplementary schedule.
D) It would be a noncash transaction not needing any disclosure.
Correct Answer:
Verified
Q84: Which of the following represent cash inflows
Q85: A statement of cash flows is
A)only required
Q86: As a general rule,investing cash flows affect
A)noncurrent
Q87: To create consistency across companies:
A)ASPE restricts dividend
Q88: As a general rule,operating cash flows affect
A)noncurrent
Q90: A company issues $1 million of new
Q91: A company's depreciation expense is $15,000.Its beginning
Q92: Company X paid Company Y $1.35 million
Q93: As a general rule,financing cash flows affect
A)noncurrent
Q94: Which of the following would be used
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