Question
Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this activity
Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this activity will be reported under _____.
a.cash flows from financing activities
b.cash flows from investing activities
c.cash flows from trading activities
d.cash flows from operating activities
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
11th Edition
0538742801, 978-0538742801
