Cash Flows from Investing and Financing Activities and Noncash Activities For each of the following transactions, indicate
Question:
Cash Flows from Investing and Financing Activities and Noncash Activities For each of the following transactions, indicate whether they would be reported in the Investing Activities section of the statement of cash fl ows (I) or the Financing Activities section (F). Put an S in the blank if the transaction does not affect cash but is reported in a supplemental schedule of noncash activities.
______ 1. Issued capital stock for cash.
______ 2. Issued a fi ve-year note payable in exchange for a patent.
______ 3. Acquired land for cash.
______ 4. Issued bonds payable for cash.
______ 5. Issued capital stock in exchange for a trademark.
______ 6. Acquired equipment for cash.AppendixLO1
Step by Step Answer:
Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter