Yen Coreported the Following Information at the End of 2013 and and 2014

question 32

Multiple Choice

Yen Co.reported the following information at the end of 2013 and 2014: An analysis of Yen's records indicated that there were no cash flow effects resulting from the changes in the two accounts presented above.How should Yen report the changes in these accounts on a statement of cash flows?

• A)Yen should report $65,000 for the acquisition of land as an investing activity and $65,000 for the issuance of stock as a financing activity.
• B)Yen should report $65,000 as a noncash investing and financing activity for the acquisition of land by issuing common stock.
• C)Yen should report the issuance of common stock to acquire land in the financing activity section with a net cash flow effect of zero.
• D)Yen should report the acquisition of land by issuing common stock in the investing activity section with a net cash flow effect of zero

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Definitions:

Former Slaves

Individuals who were emancipated from the condition of slavery, particularly following the Civil War in the United States.

Civil War

A conflict between citizens of the same country, often referred to specifically as the American Civil War which was fought from 1861 to 1865 over issues including states' rights and slavery.

Economic Impact

Refers to the effect of an event, policy, or market fluctuation on the economy of a specific area, including changes in employment, income, and overall economic growth.

Social Impact

The effect an organization's actions have on the well-being of the community or society at large, encompassing both positive and negative consequences.