While preparing a statement of cash flow, you encountered the following transaction: February 1, 20X1: Zorro Corporation acquired a small office building in exchange for 5, 000 shares of its own common shares; par value $10 per share; market value $15 per share. (a) Should this transaction be included in the calculations on the statement of cash flows or shown in the notes? (b) Explain your answer .

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The Answer of While preparing a statement of cash flow, you encountered the following transaction: February 1, 20X1: Zorro Corporation acquired a small office building in exchange for 5, 000 shares of its own common shares; par value $10 per share; market value $15 per share. (a) Should this transaction be included in the calculations on the statement of cash flows or shown in the notes? (b) Explain your answer .

While Preparing a Statement of Cash Flow, You Encountered the Following