Non- cash transactions The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions. Some examples of significant non-cash transactions are stated below: Issue of common stock to retire long term debt. Purchase of machinery by issuing notes payable Issuance of common stock for purchase of land To indicate: the reporting of transaction “ Exchange of common stock for Land” on the statement of cash flows.

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Answer 1

Question

Chapter 12, Problem 16Q

To determine

Non- cash transactions

The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions.

Some examples of significant non-cash transactions are stated below:

Issue of common stock to retire long term debt.

Purchase of machinery by issuing notes payable

Issuance of common stock for purchase of land

To indicate: the reporting of transaction “Exchange of common stock for Land” on the statement of cash flows.

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Answer 2

Question

Chapter 12, Problem 16Q

To determine

Non- cash transactions

The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions.

Some examples of significant non-cash transactions are stated below:

Issue of common stock to retire long term debt.

Purchase of machinery by issuing notes payable

Issuance of common stock for purchase of land

To indicate: the reporting of transaction “Exchange of common stock for Land” on the statement of cash flows.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 16Q

To determine

Non- cash transactions

The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions.

Some examples of significant non-cash transactions are stated below:

Issue of common stock to retire long term debt.

Purchase of machinery by issuing notes payable

Issuance of common stock for purchase of land

To indicate: the reporting of transaction “Exchange of common stock for Land” on the statement of cash flows.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 16Q

To determine

Non- cash transactions

The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions.

Some examples of significant non-cash transactions are stated below:

Issue of common stock to retire long term debt.

Purchase of machinery by issuing notes payable

Issuance of common stock for purchase of land

To indicate: the reporting of transaction “Exchange of common stock for Land” on the statement of cash flows.

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Answer 5

Chapter 12, Problem 16Q

To determine

Non- cash transactions

The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions.

Some examples of significant non-cash transactions are stated below:

Issue of common stock to retire long term debt.

Purchase of machinery by issuing notes payable

Issuance of common stock for purchase of land

To indicate: the reporting of transaction “Exchange of common stock for Land” on the statement of cash flows.

Answer 6

Chapter 12, Problem 16Q

To determine

Non- cash transactions

The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions.

Some examples of significant non-cash transactions are stated below:

Issue of common stock to retire long term debt.

Purchase of machinery by issuing notes payable

Issuance of common stock for purchase of land

To indicate: the reporting of transaction “Exchange of common stock for Land” on the statement of cash flows.

Answer 7

Chapter 12, Problem 16Q

To determine

Non- cash transactions

The transaction which does not involve any cash dealings is known as non-cash transactions. In these type transactions there will not be any inflow or outflow of cash. Simply put, the transaction which does not have an impact on the inflow or outflow of cash is called as non-cash transactions.

Some examples of significant non-cash transactions are stated below:

Issue of common stock to retire long term debt.

Purchase of machinery by issuing notes payable

Issuance of common stock for purchase of land

To indicate: the reporting of transaction “Exchange of common stock for Land” on the statement of cash flows.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12 - Prob. 1Q Ch. 12 - Prob. 2Q Ch. 12 - Prob. 3Q Ch. 12 - Prob. 4Q Ch. 12 - Prob. 5Q Ch. 12 - Prob. 6Q Ch. 12 - Why is it necessary to use comparative balance...Ch. 12 - Prob. 8Q Ch. 12 - Prob. 9Q Ch. 12 - Prob. 10Q

Solution Summary: The author explains that non-cash transactions have no impact on the cash flow during the period, but have significant impacts on revenue generation.

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