Question
In preparing a statement of cash flows, A the issue of shares to acquire land are reported as financing and investing, respectively. B an increase
A | the issue of shares to acquire land are reported as financing and investing, respectively. |
B | an increase in the Common Shares account during a period would be classified as an investing activity. |
C | the issue of debt should be reported separately from the retirement of debt. |
D | the net movement of loans and repayments are reported as a financing activity. |
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Thus correct answer is option C Statement of cash flows Statement of cash flows is a type of financi...Get Instant Access to Expert-Tailored Solutions
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
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