An example of a transaction that must be disclosed as a noncash investing and fi
ID: 2354818 • Letter: A
Question
An example of a transaction that must be disclosed as a noncash investing and financing activity includes: Answer A. The retirement of debt by issuance of equity. B. The purchase of long-term assets financed by a cash down payment and a note payable to the seller for the balance. C. The leasing of assets in a transaction that qualifies as a capital lease. D. The purchase of noncash assets in exchange for equity or debt securities. E. All of these. An example of a transaction that must be disclosed as a noncash investing and financing activity includes: The retirement of debt by issuance of equity. The purchase of long-term assets financed by a cash down payment and a note payable to the seller for the balance. The leasing of assets in a transaction that qualifies as a capital lease. The purchase of noncash assets in exchange for equity or debt securities. All of these. A. The retirement of debt by issuance of equity. B. The purchase of long-term assets financed by a cash down payment and a note payable to the seller for the balance. C. The leasing of assets in a transaction that qualifies as a capital lease. D. The purchase of noncash assets in exchange for equity or debt securities. E. All of these.Explanation / Answer
E