Question

Which of the following should be shown on a statement of cash flows under the financing...

Which of the following should be shown on a statement of cash flows under the financing activities selection?
a. the payment of cash to retire a long term note.
b. the purchase of a long term investment in the common stock of another company
c. the issuance of a long term note to acquire land
d. the proceeds from the sale of a building

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Answer #1

Answer- The following should be shown on a statement of cash flows under the financing activities selection = the payment of cash to retire a long term note.

Explanation- The purchase of a long term investment in the common stock of another company= Shown in Investing activities.

The issuance of a long term note to acquire land = Shown in schedule of non-cash investing & financing activities.

The proceeds from the sale of a building= Shown in Investing activities.

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