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Corp. acquired land by issuing its common stock. How should this transaction be disclosed when a statement of cash flows is prepared? 1) The transaction
Corp. acquired land by issuing its common stock. How should this transaction be disclosed when a statement of cash flows is prepared?
1) The transaction does not need to be disclosed 2) In a separate section of the statement of cash flows 3) The acquisition of the land should be reported as an investing activity and the issuance of the stock as a financing activity 4) In a supplemental schedule of noncash investing and financing activities on the cash flow statement
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