The Acquisition of Land by Issuing Common Stock Is

question 37

Multiple Choice

The acquisition of land by issuing common stock is

• A)a noncash transaction that is not reported in the body of a statement of cash flows.
• B)a cash transaction and would be reported in the body of a statement of cash flows.
• C)a noncash transaction and would be reported in the body of a statement of cash flows.
• D)only reported if the statement of cash flows is prepared using the direct method.

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