Asked by
Alexis Michelle
on Oct 14, 2024Verified
The issue of shares to purchase non-current assets will be disclosed:
A) as a financing activity.
B) as an investment activity.
C) as both a financing and investment activity.
D) in the note disclosure to the statement of cash flows.
Non-Current Assets
Assets that are expected not to be converted into cash within a year and are long-term resources of a company, such as property, plant, and equipment.
Shares
Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.
- Identify and classify various types of cash flows: operating, investing, and financing activities.
- Recognize the treatment and disclosure of non-cash transactions in the statement of cash flows.
Verified Answer
AK
Learning Objectives
- Identify and classify various types of cash flows: operating, investing, and financing activities.
- Recognize the treatment and disclosure of non-cash transactions in the statement of cash flows.