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:

Bridge

A structure built to span physical obstacles without closing the way underneath, such as a body of water, valley, or road, for the purpose of providing passage.

Erection

The process by which erectile tissue fills with blood and becomes firm, typically in response to sexual arousal.

Spinal Reflex

An automatic response controlled by the spinal cord without conscious brain involvement.

Sympathetic Nervous System

The sympathetic nervous system is a part of the autonomic nervous system that prepares the body for physical activity by accelerating the heart rate, constricting blood vessels, and raising blood pressure.