A transaction acquiring land by issuing a note for the full purchase price would not appear on the cash flow statement because no cash was involved, but it may be disclosed in a separate section.

Question

Quizplus · Accepted Answer

Transactions that do not involve cash, such as acquiring land by issuing a note, do not appear in the cash flow statement but are often disclosed in a separate section or in the notes to the financial statements to provide a complete picture of financial activities.

A Transaction Acquiring Land by Issuing a Note for the Full