A company acquired an asset worth $5000. In full settlement of the price, the company issued 5000
Question:
A company acquired an asset worth $5000. In full settlement of the price, the company issued 5000 ordinary shares of $1 as fully paid-up shares to the vendor.
Under which heading in the cash flow statement will this transaction be shown?
A. Acquisitions
B. Capital expenditure
C. Financing
D. Not shown under any heading.
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Step by Step Answer:
This transaction will be shown under option C Financin...View the full answer
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