Which of the following would not be found in a schedule of noncash investing and financing activities, reported at the end of a statement of cash flows?
A) equipment acquired in exchange for a note payable
B) bonds payable exchanged for common stock
C) purchase of treasury stock
D) common stock issued to acquire fixed assets

Question

Quizplus · Accepted Answer

The purchase of treasury stock is not considered an noncash investing and financing activity as it involves the use of cash to buy back previously issued common stock. The other options involve exchanges or issuances of notes payable, bonds payable, and common stock.

Which of the Following Would Not Be Found in a Schedule