When the indirect method is used to determine operating cash flows,how is the issuance of shares to retire a long-term debt shown on a statement of cash flows?

Question

Quizplus · Accepted Answer

The issuance of shares to retire a long-term debt is shown as a noncash investing or financing activity on a statement of cash flows because it involves exchanging one form of financing (equity) for another (debt) without using cash.

When the Indirect Method Is Used to Determine Operating Cash