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 capital stock
C) purchase of treasury stock
D) capital stock issued to acquire fixed assets

Question

Quizplus · Accepted Answer

The schedule of noncash investing and financing activities reports on transactions that do not involve cash, such as the exchange of equipment or stock. However, the purchase of treasury stock does involve a cash transaction, as the company is buying back its own shares from the market. Therefore, it would not be included in this schedule. Choices A, B, and D involve transactions that would be included in the schedule.

Which of the Following Would Not Be Found in a Schedule