SOS

QUESTION 8 The acquisition of land by issuing common stock is O a cash transaction and would be reported in the body of a statement of cash flows. O only reported if the statement of cash flows is prepared using the direct method. O a noncash transaction that is not reported in the body of a statement of cash flows, a noncash transaction and would be reported in the body of a statement of cash flows. QUESTION 9 Generally, the most important category on the statement of cash flows is cash flows from O significant noncash activities. O investing activities. O operating activities O financing activities QUESTION 10 The issuance of debt to purchase assets would be classified as an) O a noncash activity. o investing activity O operating activity. O financing activity