Question
The acquisition of land by issuing common stock is a noncash transaction that is not reported in the body of a statement of cash flows.
The acquisition of land by issuing common stock is
a noncash transaction that is not reported in the body of a statement of cash flows.
a cash transaction and would be 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.
only reported if the statement of cash flows is prepared using the direct method.
| A. | a noncash transaction that is not reported in the body of a statement of cash flows. |
| B. | a cash transaction and would be reported in the body of a statement of cash flows. |
| C. | a noncash transaction and would be reported in the body of a statement of cash flows. |
| D. | only reported if the statement of cash flows is prepared using the direct method. |
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Managerial Accounting
Authors: Davis, Charles E., Elizabeth
1st Edition
0471699608, 978-0471699606
