The Acquisition of Land by Issuing Ordinary Shares Is

question 47

Multiple Choice

The acquisition of land by issuing ordinary shares is

• A) a non-cash transaction which 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 non-cash 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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