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A company issued common stock in exchange for land and a building. In the EFE, this transaction: a. The issuance of shares is presented in
A company issued common stock in exchange for land and a building. In the EFE, this transaction:
a. The issuance of shares is presented in the financing activities section and the acquisition of assets in the investment activities section.
b. Presented only in the investment activities section
c. It is not presented in any of the sections of the EFE and is not disclosed.
d. It is not presented in the sections of the EFE, but it is disclosed.
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