A Purchase of Land in Exchange for a Long-Term Note

question 141

True/False

A purchase of land in exchange for a long-term note payable is reported in the investing section of the statement of cash flows.

---

Definitions:

Path-Goal Leadership Theory

A theory which states that a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates, and involves adjusting leadership styles based on situational demands and follower characteristics.

Directive Leadership

A management style where leaders closely control and instruct the work of their employees, often dictating the what, how, and when of tasks.

Path-Goal Theory

A leadership theory that suggests leaders adjust their behaviors and styles to align with employee motivations, obstacles, and goals to enhance performance and satisfaction.

Path-Goal Theory

A leadership theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of her or his subordinates.