A Company Acquired Land by Issuing Its Common Stock

question 19

Multiple Choice

A company acquired land by issuing its common stock. How should this transaction be disclosed when a statement of cash flows is prepared?

• A)In a supplemental schedule of noncash investing and financing activities or in a note.
• B)The acquisition of land should be reported as an investing activity and the issuance of the stock as a financing activity.
• C)In a separate section of the statement of cash flows.
• D)The transaction does not need to be disclosed.

---

Definitions:

High-Density Lipoprotein Cholesterol

A type of cholesterol in the blood, often referred to as "good" cholesterol, that helps to remove other forms of cholesterol from your bloodstream.

Total Cholesterol

The combined amount of all types of cholesterol in the blood, an important measure for assessing heart disease risk.

Harvard Alumni

Former students who have graduated or completed a course of study at Harvard University, often forming a professional and social network.

Heart Attack Risk

The likelihood of an individual experiencing a heart attack, influenced by factors such as genetics, lifestyle, and environmental conditions.