All of the following are examples of noncash financing and investing except: Multiple Choice Purchase of a building by issuing equity stock. Conversion of preferred stock to common stock. Retirement of debt by issuing equity stock. Purchase of inventory using cash. Purchase of equipment by issuing a note payable.

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.