Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, stock issued for equipment would be classified on the statement of cash flows.
A) Operating activities section.
B) Investing activities section.
C) Financing activities section.
D) Does not represent a cash flow.

Question

Quizplus · Accepted Answer

Stock issued for equipment is a non-cash transaction and does not appear in the cash flow statement.

Assume That the Quinn Corporation Uses the Indirect Method to Depict