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

Question

Quizplus · Accepted Answer

This transaction is a non-cash investing and financing activity, which means it does not appear in the cash flows from operating, investing, or financing activities sections but is disclosed in the notes to the financial statements.

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