The Acquisition of Land by Issuing Common Stock Is

question 145

Multiple Choice

The acquisition of land by issuing common stock is

• A) a noncash 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 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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Definitions:

Creep

The slow, continuous movement of material, such as soil and other weak materials, down a slope.

Prehistoric Slope Failures

Landslides and similar geologic occurrences that took place before recorded history, often detected through sediment analysis.

Hummocky Topography

A type of chaotic landscape characterized by randomly distributed humps and pits, commonly created by a landslide or less commonly by a pyroclastic eruption.

Sedimentary Deposits

Accumulations of mineral and organic particles settled out of water or air, forming distinct layers on the Earth's surface.