Shield Company just started in business,and it was looking for additional capital in order to purchase a property to build their headquarters.They found an investor who was willing to sell them land worth $700,000 in exchange for stock in the company.On the statement of cash flows,this transaction would be shown in the ________.

Question

Quizplus · Accepted Answer

This transaction involves exchanging stock for land, which is a non-cash transaction and should be reported in the non-cash investing and financing activities section of the statement of cash flows.

Shield Company Just Started in Business,and It Was Looking for Additional