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Basic Question 1 of 20
Which of the following activities would not be reported on the Supplementary Schedule of Noncash Investing and Financing Activities?
II. A building is purchased by issuing a mortgage note.
III. Holders of convertible bonds exchange the bonds for common stock.
IV. Bonds are retired three years prior to their maturity date.
I. Common stock is issued in exchange for title to land.
II. A building is purchased by issuing a mortgage note.
III. Holders of convertible bonds exchange the bonds for common stock.
IV. Bonds are retired three years prior to their maturity date.
User Contributed Comments 4
| User | Comment |
|---|---|
| kalps | The other three do not involve cash movements |
| Bibhu | Tricky question. Bonds retired prior to maturity means those are encashed. |
| accounting | tanks guys |
| Hermalia | Don't forget to look at the NOT in the question. |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the steps in the preparation of direct and indirect cash flow statements, including how cash flows can be computed using income statement and balance sheet data
CFA® 2024 Level I Curriculum, Volume 2, Module 4.