Preferred shares issued in exchange for land would be reported on the statement of cash flows in
A) the notes to the financial statements.
B) the cash flows from operating activities section.
C) the cash flows from financing activities section.
D) the cash flows from investing activities section.

Question

Quizplus · Accepted Answer

Preferred shares issued in exchange for land is a non-cash transaction and would be disclosed in the notes to the financial statements, not in the cash flow sections.

Preferred Shares Issued in Exchange for Land Would Be Reported