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 or note to the financial statements.
D)the cash flows from the operating 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 financial statements, as it does not involve cash flow.

Preferred Stock Issued in Exchange for Land Would Be Reported