Land acquired from the issuance of common stock is reported
A) as a financing activity.
B) as an investing activity.
C) as an operating activity.
D) in a separate schedule at the bottom of the statement of cash flows.

Question

Quizplus · Accepted Answer

When land is acquired through the issuance of common stock, it is a non-cash transaction and does not appear in the main body of the cash flow statement. Instead, it is reported in a separate schedule at the bottom of the statement of cash flows to provide details of significant non-cash transactions.

Land Acquired from the Issuance of Common Stock Is Reported