From the following list, identify each item as operating (O), investing (I), financing (F), or not separately reported on the statement of cash flows (N).
-Conversion of preferred stock into common stock
A)Operating-O
B)Investing-I
C)Financing-F
D)Not separately reported- $ \mathrm{N} $

Question

Quizplus · Accepted Answer

Conversion of preferred stock into common stock is a non-cash transaction and therefore is not reported in the cash flows statement. It is typically disclosed in the notes to the financial statements or in a supplementary schedule.

From the Following List, Identify Each Item as Operating (O) N \mathrm{N} N

From the Following List, Identify Each Item as Operating (O) $\mathrm{N}$