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 operating section.

Question

Quizplus · Accepted Answer

Preferred stock issued in exchange for land is a non-cash transaction and is reported in a separate schedule or note to the financial statements, not in the main sections of the cash flow statement.

Preferred Stock Issued in Exchange for Land Would Be Reported