A Business Bought Some Land for Future Expansion at a Cost

question 7

Multiple Choice

A business bought some land for future expansion at a cost of $100,000 and paid for it in full by issuing additional shares of capital stock. of the cash flow statement?

• A)It will not be reported in either the investing activities or the financing activities section.
• B)Only in the financing activities section.
• C)In both the investing activities and financing activities sections.
• D)Only in the investing activities section.

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