A purchase of land in exchange for shares of stock is disclosed on the statement of cash flows or in a note to the statement.

Name: A purchase of land in exchange for shares of stock is disclosed on the statement of cash flows or in a note to the statement.
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Question

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Non-cash investing and financing activities, such as exchanging land for shares, are disclosed in a note or a separate schedule to the statement of cash flows, as they do not involve cash transactions.

A Purchase of Land in Exchange for Shares of Stock