An exchange of shares for land is presented on the cash flow statement as a financing activity and an investing activity.

Name: An exchange of shares for land is presented on the cash flow statement as a financing activity and an investing activity.
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Question

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An exchange of shares for land is a non-cash transaction and is not reported in the cash flow statement; it should be disclosed in the notes to the financial statements.

An Exchange of Shares for Land Is Presented on the Cash