When common shares are issued in exchange for land, this transaction is reported in both the financing and investing sections of the cash flows.

Question

Quizplus · Accepted Answer

When common shares are issued in exchange for land, this transaction does not involve cash and therefore is not reported in the cash flows statement. It is a non-cash investing and financing activity that may be disclosed in the notes to the financial statements.

When Common Shares Are Issued in Exchange for Land, This