Michael's Industries Purchased Some Land in Exchange for 1,000 Shares

question 100

Multiple Choice

Michael's Industries purchased some land in exchange for 1,000 shares of Michael's voting common stock with a market value of $15 each.How will this transaction be reported on the statement of cash flows?

• A)As a non-cash investing and financing transaction
• B)As a non-cash financing transaction
• C)As a non-cash investing transaction
• D)As a use of cash in the investing section and a source of financing in the financing section

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Definitions:

Natural Selection

A process in evolution by which organisms that are better adapted to their environment tend to survive and produce more offspring.

Fecundity

Refers to the ability to produce an abundance of offspring or new growth; fertility.

Reproductive Value

A concept in evolutionary biology that estimates the potential future reproductive output of an individual, considering factors such as age and health.

Youthfulness

The characteristics, qualities, or appearance traditionally associated with young people.