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A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported...

A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows in a. a separate schedule b. the cash flows from investing activities section c. the cash flows from financing activities section d. the cash flows from operating activities section explain
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A business issues 20 year bonds payable in exchange for preferred Stock does not any cash inflow or outflow of cash so this is not operating activities, investing activities or financing activities

So answer is a) A seprate schedule

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