Question

The purchase of an office building by issuing long-term notes payable should be reported as a

Answer 1

purchase of an office building by issuing long-term notes payable should be reported as a

Answer 2

Correct answer is ( d. ) non cash investing and financing activity.

Some examples of non-cash investing and financing activities are remarkable and  significant for the financial statements are presented below:

Issuance of stock, Purchase of an asset by issuing share, Exchange of cashless assets.Conversion of debt to  stock.