CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Which of the following activities would not be reported on the Supplementary Schedule of Noncash Investing and Financing Activities?

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.
Correct Answer: IV only

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.
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