The acquisition of land by issuing common stock is
a. a noncash transaction that is not reported in the body of a statement of cash flows
b. a cash transaction and would be reported in the body of a statement of cash flows
c. a noncash transaction and would be reported in the body of a statement of cash flows
d. only reported if the statement of cash flows is prepared using the direct method

Question

14-12-2016
Business

contestada

The acquisition of land by issuing common stock is
a. a noncash transaction that is not reported in the body of a statement of cash flows
b. a cash transaction and would be reported in the body of a statement of cash flows
c. a noncash transaction and would be reported in the body of a statement of cash flows
d. only reported if the statement of cash flows is prepared using the direct method

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MissPhiladelphia MissPhiladelphia · Answer 1 · 2016-12-24T01:56:31+01:00

MissPhiladelphia MissPhiladelphia

24-12-2016

For the answer to the question above, the acquisition of land by issuing common stock is a noncash transaction that is not reported in the body of a statement of cash flows. So the answer is A.

I hope my answer helped you.

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