Which of the following is a noncash transaction that should be disclosed in a schedule accompanying the statement of cash flows?
a. Sale of an investment for cash
b. Purchase of a machine for cash
c. Issuance of common stock in exchange for land
d. Declaration and payment of a cash dividend on common stock
C
You might also like to view...
List the three sections of the cash budget for a merchandising company.
What will be an ideal response?
A company issued rights to its existing shareholders to acquire, at $15 per share, 5,000 unissued shares of common stock with a par value of $10 per share. Common Stock will be credited at
a. $15 per share when the rights are exercised. b. $15 per share when the rights are issued. c. $10 per share when the rights are exercised. d. $10 per share when the rights are issued.
CineVision LLC. issued 10–year 9% bonds worth $900,000 . Under which section of the balance sheet will this balance appear?
a. The stockholders' equity section b. The current assets section c. The current liabilities section d. The long–term liabilities section
Lower beta coefficients imply the investment may be analyzed on a stand-alone basis.?
Answer the following statement true (T) or false (F)