The Appropriate Statement of Cash Flows Activity Category for the Purchase

question 127

Multiple Choice

The appropriate statement of cash flows activity category for the purchase of land in exchange for common shares is

• A)Operating
• B)Financing
• C)Investing
• D)Schedule of noncash investing or financing activity
• E)Not reported on the statement of cash flows

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Definitions:

Embryos

Early stages of development in multicellular organisms after fertilization and before birth, during which the basic structures of the organism are formed.

Heritable

Traits or characteristics that are passed from parents to offspring through genes.

Fraternal Twins

Twins that develop from two different eggs fertilized by two different sperm, making them genetically distinct, similar to regular siblings.

Identical Twins

Twins who develop from a single fertilized egg that splits and forms two embryos, sharing 100% of their DNA.