Chapter 12, Problem 6Q

To determine

Introduction:

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.

To Provide: Three examples of significant non-cash transactions to be reported under “Non-cash investing and financing activities”