Land acquired from the issuance of ordinary shares is reported
A) as a financing activity.
B) as an investing activity.
C) as an operating activity.
D) in a separate note or supplementary schedule to the financial statements.

Question

Quizplus · Accepted Answer

Land acquired through the issuance of ordinary shares is a non-cash transaction and is typically disclosed in a separate note or supplementary schedule to the financial statements, rather than in the cash flow statement.

Land Acquired from the Issuance of Ordinary Shares Is Reported