80.2K
Verified Solution
Link Copied!
If common stock was issued to acquire an $8,000 machine, how would the transaction appear on the statement of cash flows?
It would be a positive $8,000 in the financing section and a negative $8,000 in the investing section.
It would be a negative $8,000 in the financing section and a positive $8,000 in the investing section.
It would not appear on the statement of cash flows but rather on a schedule of noncash investing and financing activities.
It would depend on whether you are using the direct or the indirect metho
Answer & Explanation
Solved by verified expert
