Identify the Section of the Statement of Cash Flows (A-D)

question 122

Multiple Choice

Identify the section of the statement of cash flows (a-d) where each of the following items would be reported.
-Exchange of land for note payable

• A)Operating activities
• B)Financing activities
• C)Investing activities
• D)Schedule of noncash financing and investing

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Definitions:

Spontaneous

Occurring naturally, without being planned or premeditated.

Impractical

Impractical describes something that is not feasible or realistic in terms of implementation or use, often due to it being too complex or costly.

Joint Goal

A shared aim or objective that is pursued by multiple parties or individuals working together collaboratively.

Common End

A shared goal or objective that multiple parties aim to achieve through collaboration or agreement.