The Appropriate Section in the Statement of Cash Flows for Reporting

question 168

Multiple Choice

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:

• A)Operating activities.
• B)Financing activities.
• C)Investing activities.
• D)Schedule of noncash investing or financing activity.
• E)None of these as this is not reported on the statement of cash flows.