Preferred stock issued in exchange for land would be reported in the statement of cash flows in
A) the cash flows from financing activities section
B) the cash flows from investing activities section
C) a separate schedule
D) the cash flows from operating activities section

Question

Quizplus · Accepted Answer

Preferred stock issued in exchange for land is a non-cash transaction and would be reported in a separate schedule or note to the statement of cash flows, as it does not involve cash inflow or outflow.

Preferred Stock Issued in Exchange for Land Would Be Reported