While preparing a statement of cash flows,you encountered the following transaction:
February 1,2011:
Battles Corporation acquired a small office building in exchange for 5,000 shares of its own common stock; par value $10 per share; market value $15 per share.
Should this transaction be shown on the statement of cash flows? Why or why not?

Question

While preparing a statement of cash flows,you encountered the following transaction:
February 1,2011:
 Battles Corporation acquired a small office building in exchange for 5,000 shares of its own common stock; par value $10 per share; market value $15 per share.
Should this transaction be shown on the statement of cash flows? Why or why not?

Quizplus · Accepted Answer

The Answer of While preparing a statement of cash flows,you encountered the following transaction:
February 1,2011:
 Battles Corporation acquired a small office building in exchange for 5,000 shares of its own common stock; par value $10 per share; market value $15 per share.
Should this transaction be shown on the statement of cash flows? Why or why not?

While Preparing a Statement of Cash Flows,you Encountered the Following