Which of the following would not be presented in the financing section of the statement of cash flows?
A)Purchased a new office building by issuing a note payable
B)Purchased treasury stock
C)Repayment of long-term bonds payable
D)Issuing of preferred stock

Question

Quizplus · Accepted Answer

Cash flows reported as financing activities include cash receipts (inflows)from borrowing money and issuing stock and cash payments (outflows)to repay debt,purchase treasury stock,and pay dividends.Purchasing a building by issuing a note payable would be reported as a noncash investing and financing activity in the schedule of noncash investing and financing activities.

Which of the Following Would Not Be Presented in the Financing