The Appropriate Section in the Statement of Cash Flows for Reporting

question 162

Multiple Choice

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:

• A)Operating activities.
• B)Financing activities.
• C)Investing activities.
• D)Schedule of noncash investing or financing activity.
• E)Reconciliation of cash balance.

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Definitions:

Derived Character

A trait that evolved in the lineage leading up to a clade and that sets members of that clade apart from other individuals.

Cladistic Character

A feature of organisms used in cladistics to help establish evolutionary relationships, focusing on shared derived characteristics.

Ancestral Character

a trait or characteristic that was present in the common ancestor of a group of species and may be retained or altered in its descendants.

Hair

A thin strand of keratin that grows from the skin of mammals.