33) When issuing a Note Payable in exchange for Land, this is an Investing Activity. TRUE FALSE
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- when issuing a note payable for land, this is an investing activityWhich of the following is a cash inflow from an investing activity? A. Borrowing from a bank B. Sale of preferred stock C. Sale of commercial real estate D. Purchase of LandWhich of the following is an example of a noncash activity? Purchase of land using cash proceeds from issuance of common stock. Purchase of land by issuing debt. Sale of land for less than its cost. Sale of land for more than its cost.
- Which of the following is an example of a cash outflow from a financing activity? a. Payment of interest.b. Purchase of an intangible asset.c. Payment of cash dividends.d. Purchase of land.Which of the following transactions is revenue expenditure? A Expenditure resulting in improvements to property B Expenditure on heat and light C Purchasing non-current assets D Repaying a bank overdraftWhich of the following would be included in the financing section? A. loss on sale of investments B. depreciation expense C. increase in notes receivable D. decrease in notes payable
- 2. Which of the following is an appropriate aggregation? A. Cash and cash equivalents (Cash in bank and sinking fund) B. Trade and other receivables (Accounts receivable and investment in bonds) C. Trade and other payables (Accounts payable and accruals) D. Provisions (Income tax payable and warranty liability)Which of the following is an example of a cash outflow from an investing activity? Multiple Choice Payment of cash for inventory. Payment of cash for the purchase of land. Payment of cash for treasury stock. Payment on a long-term note payableWhich of the following is not an example of investing cash flows? A. payment for purchase of land and buildingsB. cash receipt from sale of equipmentC. payment for purchase of equipmentD. cash receipt from sale of land and buildingsE. all of the examples are cash flow for investing activities
- Which of the following transactions would be considered noncash investing and financingactivities?1. Additional borrowing from bank.2. Purchase of equipment with investments.3. Dividends paid in cash.4. Purchase of a building with a promissory noteWhich of the following is not an investing activity? a Purchase of investments for cash b Purchase of equipment for cash c Sale of land for cash d Sale of merchandise for cashExample scenarios of commodity money, fiat money, representative money, fiduciary money and commercial money
