Which of the following transactions would be disclosed on a schedule of noncash investing and financing activities?
A)A building acquired by issuing a mortgage note
B)Recording depreciation expense
C)The issuance of bonds for cash
D)All of these answer choices are correct

Question

Quizplus · Accepted Answer

Because the building was acquired by issuing a mortgage note payable,the company did not use cash for the purchase.This type of transaction is reported in the noncash investing and financing activities section of the statement of cash flows.

Which of the Following Transactions Would Be Disclosed on a Schedule