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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
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® 2025 Level I Curriculum, Volume 2, Module 4.