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Issuing a note for the purchase of land is an example of:?

a. an investing activity.

b. a financing activity.

c. a non-cash investing and financing activity.

d. a transaction that would not appear on the statement of cash flows.

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Question ajoutée par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date de publication: 2015/07/02
Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option C and D both serve the purpose.

Shazia Anees
par Shazia Anees , Assistant Manager Finance , Arham Trading Company

option C=====================

Zehab Osman
par Zehab Osman , Accountant , Aldar Consultancy Co.

C--------------------------------------------

Saidul Alam
par Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Correct Answer may be D........................

Sankar potty
par Sankar potty , CFO , Salem Mohsen Al Harty Estt.

Anw-Option D.  This transaction would not be reported in accounts and hence in cash-flow.  Instead, it would be reported in the notes to the  Balance Sheet as a Contigent Liability in the year in which the Note is issued  with maturity date for payment.

lakshminarasimham mallareddi
par lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct Answer is d. a transaction that would not appear on the statement of cash flows if we issue a note for purchase of land.

Iftikhar Hussain Shah
par Iftikhar Hussain Shah , Senior Manager Audit & Assurance , Deloitte LLP

Option C is correct answer.............