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The cash outflow caused by the acquisition of property, plant and equipment during the year. Which one of the following is not a non-cash investing and financing activity?                  I.    Conversion of bonds into equity shares                  II.   Purchasing of land by issuing equity shares                  III.   Repayment of short-term loan                  IV.    Conversion of preference shares into common stock   a-  II only b- II and IV only c- I and II only d- III only

The cash outflow caused by the acquisition of property, plant and equipment during the year. Which one of the following is not a non-cash investing and financing activity?                  I.    Conversion of bonds into equity shares                  II.   Purchasing of land by issuing equity shares                  III.   Repayment of short-term loan                  IV.    Conversion of preference shares into common stock   a-  II only b- II and IV only c- I and II only d- III only

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The cash outflow caused by the acquisition of property, plant and equipment during the year. Which one of the following is not a non-cash investing and financing activity?

                 I.    Conversion of bonds into equity shares

                 II.   Purchasing of land by issuing equity shares

                 III.   Repayment of short-term loan

                 IV.    Conversion of preference shares into common stock

 

a-  II only

b- II and IV only

c- I and II only

d- III only

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