Preferred stock issued in exchange for land would be reported on the statement of cash flows in
A) the Cash flows from financing activities section
B) the Cash flows from investing activities section
C) a separate schedule
D) the Cash flows from operating activities section

Question

Quizplus · Accepted Answer

Preferred stock issued in exchange for land is a non-cash transaction and would not appear in the main body of the cash flow statement. Instead, it is disclosed in a separate schedule or note to the financial statements.

Preferred Stock Issued in Exchange for Land Would Be Reported