While performing the financial audit of Argon Metals Inc. for the year ended December 31, 20X1, its external auditors noted that the company had issued common stock of $50,000 to acquire land worth $50,000. How should Argon Metals report the transaction on the statement of cash flows?

A. The company should report the issue of stock and acquisition of land as investing activities in the statement of cash flows.

B. The company should report the issue of stock and acquisition of land as financing activities in the statement of cash flows.

C. The company should report the issue of stock and acquisition of land in a supplementary schedule attached to the statement of cash flows.

D. The company should report the issue of stock as an investing activity and acquisition of land as a note in a supplementary schedule attached to the statement of cash flows.

Which of the following is an example of a cash flow from financing activity?

1. Revenue from sales
2. Issuing of common stock
3. Purchase of long-term assets
4. Dividends received from investments in other securities