An example of a noncash transaction that is not reported in the body of a statement of cash flows is

delivering payment for equipment.

obtaining capital from owners.

repaying money previously borrowed.

acquiring land by issuing common shares.

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Assets Liabilities and Equity $ 50,000 75,000 liabilities .. Common stock ($10par).... Paid-in capital in excess of par Current assets $140,000 Land. 100,000 120,000 Buildings 350,000 Assets Liabilities and Equity $ 50,000 75,000 liabilities .. Common stock ($10par).... Paid-in capital in excess of par Current assets $140,000 Land. 100,000 120,000 Buildings 350,000

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Step 13 Answer The correct answer is acquiring land by issuing common shares An example of a non cas... View the full answer