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issuance of bonds payable b. issuance of capital stock c. purchase of treasury stock d. purchase of noncurrent assets ANS: D DIF: Easy OBJ: 16-02...
A. issuance of bonds payable b. issuance of capital stock c. purchase of treasury stock d. purchase of noncurrent assets ANS: D DIF: Easy OBJ: 16-02 NAT: AACSB Analytic | AICPA FN-Measurement 39. Land costing $47,000 was sold for $78,000 cash. 37. If a gain of $9,000 is incurred in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a. $46,000 b. $9,000 c. $55,000 d. $64,000 ANS: D DIF: Easy OBJ: 16-02 NAT: AACSB Analytic | AICPA FN-Measurement 38. Which of the following types of transactions would be reported as a cash flow from investing activity on the statement of cash flows? A. issuance of bonds payable b. issuance of capital stock c. purchase of treasury stock d. purchase of noncurrent assets ANS: D DIF: Easy OBJ: 16-02 NAT: AACSB Analytic | AICPA FN-Measurement 39. Land costing $47,000 was sold for $78,000 cash.
