If a company purchases land with its common stock,and no cash changes hands,where would this activity be presented on the statement of cash flows?
A)The financing
B)The investing
C)The operating
D)A note below the statement of cash flows.
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

This transaction is a non-cash investing and financing activity, so it would be disclosed in a note below the statement of cash flows rather than in the main sections.

If a Company Purchases Land with Its Common Stock,and No