The acquisition of land through the issuance of common shares would be a noncash investing and financing activity not reported on the cash flow statement but would be reported in the notes.

Question

Quizplus · Accepted Answer

Issuance of common shares in exchange for land is a noncash investing and financing activity, which is not reported on the cash flow statement. However, it would be disclosed in the notes to the financial statements.

The Acquisition of Land Through the Issuance of Common Shares