For Each of the Following Items, Indicate by Using the Appropriate

question 102

Multiple Choice

For each of the following items, indicate by using the appropriate code letter, how the item should be reported in the statement of cash flows, using the indirect method.
-Acquisition of land in exchange for common stock.

• A)Added to net income
• B)Deducted from net income
• C)Cash outflow--investing activity
• D)Cash inflow--investing activity
• E)Cash outflow--financing activity
• F)Cash inflow--financing activity
• G)significant noncash investing and financing activity

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