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Business Accounting FINANCIAL ACCOUNTING LOOSELEAF

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 ”

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 ”

Solution Summary: The author explains that non-cash transactions do not involve any cash dealings. Issue of common stock to retire long term debt, Purchase of machinery by issuing notes payable, and Issuance of Common Stock for purchasing land

FINANCIAL ACCOUNTING LOOSELEAF

FINANCIAL ACCOUNTING LOOSELEAF

2nd Edition

ISBN: 9781119493631

Author: Kimmel

Publisher: WILEY

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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”

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Chapter 12, Problem 5Q

Chapter 12, Problem 7Q

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Chapter 12 Solutions

FINANCIAL ACCOUNTING LOOSELEAF

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

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