Identify transactions that represent noncash investing and financing activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Identify transactions that represent noncash investing and financing activities.
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Step 1
Non-cash Investing and Financing Activities:
These types of activities occur for a firm without the generation or consumption of cash. The non-cash investing and financing activities are reported at bottom of cash flow statement. It includes transactions of investing and financing activities that are having no effect on cash.
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