During 2012, Rusmussen Company exchanged $1,700,000 of its common stock for land. Indicate how the transaction would

Question:

During 2012, Rusmussen Company exchanged $1,700,000 of its for land. Indicate how the transaction would be reported on a statement of cash flows, if at all.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...