Asked by
Jason Romero
on Dec 16, 2024
Verified
If a business issued bonds payable in exchange for land, the transaction would be reported in a separate schedule on the statement of cash flows.
Noncash Investing
A financial activity that involves acquiring or disposing of assets without the immediate use of cash, such as through trading one asset for another or completing transactions through financing arrangements.
- Gain an understanding of the presentation of noncash investing and financing transactions in the statement of cash flows.
Verified Answer
TN
Learning Objectives
- Gain an understanding of the presentation of noncash investing and financing transactions in the statement of cash flows.
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