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GolfCo USA, Inc. is a company that runs golf resorts across the United States. In order to help manage its property holdings, GolfCo acquires a

GolfCo USA, Inc. is a company that runs golf resorts across the United States. In order to help manage its property holdings, GolfCo acquires a real estate company. As a consequence, GolfCo has some balance sheet activity that is not evidenced by the operating, investing, or financing sections of the SCF. This is an example of

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a subsidiary in another industry

large noncash investing and financing activity

foreign currency translation adjustments

the divestiture of a business entity

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