Question 20 (1 point) The acquisition of land by issuing bank loan is only reported if the statement of cash flows is prepared using the direct method. a cash transaction and would be reported in the body of a statement of cash flows. a noncash transaction but would be reported in the body of a statement of cash flows a noncash transaction that is not reported in the body of a statement of cash flows. Question 21 (1 point) Purchase of equipment with cash would be reported in: financing activities section only in the notes to financial statement investing activities section operating activities