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Eleemosynary Organization Acquired Land Valued at $56,000 for 4,200 Shares

Question 97

Multiple Choice

Eleemosynary Organization acquired land valued at $56,000 for 4,200 shares of its stock.Where on the Statement of Cash flows does this transaction activity appear?


A) Operating Activities
B) Investing Activities
C) Financing Activities
D) Disclosures

Correct Answer:

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