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.

Question

Quizplus · Accepted Answer

Land acquired from the issuance of common stock is a non-cash investing and financing activity, which is reported in a separate schedule at the bottom of the statement of cash flows.

Land Acquired from the Issuance of Common Stock Is Reported