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    chuckeeebeee's Avatar
    chuckeeebeee Posts: 10, Reputation: 1
    New Member
    		  
    #1

    May 5, 2007, 08:32 AM
    Recording of a purchase
    Question is: A company obtained a new building by issuing a combination of common stock and bonds payable. Regarding the statement of Cash Flows, how would this transaction re reported?
    a. On a separate schedule accompanying the statement of cash flows
    b. On a statement of cash flows as both an investing and financing activity
    c. On a statement of cash flows as an investing activity, only
    d. It would not be reported on the statement of cash flows
    e. None of the above

    Thank you very much for your help on this question.
    goldenbutterfly's Avatar
    goldenbutterfly Posts: 63, Reputation: 8
    Junior Member
    		  
    #2

    May 6, 2007, 09:32 AM
    It does not involve cash so I would say letter D
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