How would the issuance of a mortgage note in exchange for a building be reported on the statement of cash flows?
A)Financing activity
B)Investing activity
C)Operating activity
D)Noncash financing and investing activity

Question

Quizplus · Accepted Answer

This transaction is a noncash investing and financing activity,which is reported in the schedule of noncash investing and financing activities.

How Would the Issuance of a Mortgage Note in Exchange