Which of the following would be considered a noncash activity?
a. Purchase of a long-term asset using a long term note payable
b. Exchange of a building for stock
c. Retirement of debt by issuing stock
d. All of these
Answer: D
Which of the following would be considered a noncash activity?
a. Purchase of a long-term asset using a long term note payable
b. Exchange of a building for stock
c. Retirement of debt by issuing stock
d. All of these
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.