Each of the following is an example of a significant noncash activity except
A) conversion of bonds into common stock.
B) exchanges of plant assets.
C) issuance of debt to purchase assets.
D) stock dividends.

Question

Quizplus · Accepted Answer

Stock dividends are considered a significant noncash activity, but they are actually an exception in this context. They involve the distribution of additional shares to shareholders, not the exchange or direct use of assets or liabilities in transactions, which is the focus of significant noncash activities reporting.

Each of the Following Is an Example of a Significant