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

A Schedule of Noncash Investing and Financing Activities reports noncash transactions related to investing and financing activities. The purchase of treasury stock is a cash transaction and would not be included in this schedule. The other options (A, B, and D) all involve noncash transactions and would be included in the schedule.

Which of the Following Would Not Be Found in a Schedule