Question
Which of the following transactions would be shown in the non-cash investing and financing activities section of the statement of cash flows? settled a long-term
Which of the following transactions would be shown in the non-cash investing and financing activities section of the statement of cash flows?
| settled a long-term Note Payable by issuing Common Stock | ||
| sold equipment with book value of $6,500 in exchange for $6,500 cash | ||
| purchased land for $30,000 cash | ||
| issued 20,000 shares of stock at $4 per share |
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
