The contribution of equipment by a stockholder in exchange for common stock is an example of ________.
A) investing activity
B) financing activity
C) operating activity
D) non-cash investing and financing activity

Question

Quizplus · Accepted Answer

The contribution of equipment by a stockholder in exchange for common stock is an example of a non-cash investing and financing activity, as it involves the exchange of non-cash assets for equity without directly affecting cash flow.

The Contribution of Equipment by a Stockholder in Exchange for Common