Which of the following would be included in the statement of cash flows in the financing activities section?
A. Issuing common stock in exchange for equipment will create a cash outflow in the investing activities section of the cash flow statement and a cash inflow in the financing activities section of the cash flow statement.
B. Issuing a new class of common stock.
C. Issuing common stock in exchange for land.
D. Issuing common stock in exchange for a building.
Answer: B
You might also like to view...
Which of the following statements regarding a statement of cash flows is false?
A) The most common method used by most companies for reporting operating activities is the direct method. B) Operating activities include all transactions and other events related to the earnings process. C) It requires a reconciliation of beginning and ending cash balances. D) It helps users assess a company's need for external financing.
Which of the following is included in the work in process account?
A) manufacturing overhead B) direct labor cost C) cost of raw materials used in production D) All of these answer choices are included in the work in process account.
An Edelman study on employee engagement stressed the importance of reinventing the employee experience in novel ways
Indicate whether the statement is true or false
Using the Internet to conduct meetings and share documents can be done through:
A) scanning documents. B) electronic repository. C) online collaboration. D) outsourcing.