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.

---

Definitions:

Future Staffing Levels

Predictions or estimations of the number of employees that will be needed in the future to effectively run an organization or business.

Employee Seniority

The length of time an individual has been employed at a particular company or organization, often influencing job security, promotion priority, and other benefits.

Drug and Alcohol Screening

The process of testing individuals for the use of illegal drugs or misuse of alcohol, typically used by employers to ensure a safe and productive work environment.

Benefits for Retirees

Programs or perks provided to retired employees, which can include pension plans, health insurance, and other forms of financial support.