Which of the Following Sections from the Cash Flow Statement

Which of the following sections from the cash flow statement would include the payment of a bill payable by issuing ordinary shares?

A) The payment of a bill payable by issuing ordinary shares would be included in the operating section.
B) The payment of a bill payable by issuing ordinary shares would be included in the financing section.
C) The payment of a bill payable by issuing ordinary shares would be included in the non- cash investing and financing section.
D) The payment of a bill payable by issuing ordinary shares would be included in the investing section.