While preparing a statement of cash flows,you encountered the following transaction:
February 1,2019: Battle Corporation acquired a small
office building in exchange for 50,000 shares of its own common stock;par value $10 per share;market value $15 per share.
Should this transaction be shown on the statement of cash flows? Why or why not?

Question

Quizplus · Accepted Answer

The Answer of While preparing a statement of cash flows,you encountered the following transaction:
February 1,2019: Battle Corporation acquired a small
office building in exchange for 50,000 shares of its own common stock;par value $10 per share;market value $15 per share.
Should this transaction be shown on the statement of cash flows? Why or why not?

While Preparing a Statement of Cash Flows,you Encountered the Following