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4 A company acquired some land (independently appraised at $13,400) and paid for it by issuing 1,140 shares of its common stock (par $10 per

4 A company acquired some land (independently appraised at $13,400) and paid for it by issuing 1,140 shares of its common stock (par $10 per share; no market price was quoted). How should this be reported on the statement of cash flows? Multiple Choice Report $13,400 as inflow and outflow of cash. The transaction should not be reported on the statement of cash flows. Report $13,400 as an inflow of cash. Report in a schedule of significant noncash investing and financing activities

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