The exchange of shares for land would be reported as (10 Points) a. exchanges are not...
The exchange of shares for land would be reported as
(10 Points)
a. exchanges are not reported on the statement of cash flows.
b. non-cash investing and financing activities.
c. investing activities.
d. financing activities
Homework Answers
Answer is (a)
exchanges are not reported on the statement of cash flows.
In exchange of shares for land, there is no cash flow so it will not be reported on the statement of cash flow.
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