Significant Noncash Activities Video Lessons

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Problem: A building was acquired in exchange for 20,000 shares of the company's $10 par common stock. This transaction is reported on a statement of cash flows as A. a financing activity. B. an operating activity. C. a noncash investing and financing activity. D. an investing activity.

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Problem Details

A building was acquired in exchange for 20,000 shares of the company's $10 par common stock. This transaction is reported on a statement of cash flows as

A. a financing activity.

B. an operating activity.

C. a noncash investing and financing activity.

D. an investing activity.

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