Significant Noncash Activities Video Lessons

Video Thumbnail

Concept

Problem: The acquisition (purchase) of land in exchange for shares of its own common stock is A) only reported in the statement of cash flows if the direct method is used B) a noncash transaction and would be reported in the body of the statement of cash flows C) a cash transaction and would be reported in the body of the statement of cash flows D) a noncash transaction that is not reported in the body of a statement of cash flows

FREE Expert Solution
Problem Details

The acquisition (purchase) of land in exchange for shares of its own common stock is

A) only reported in the statement of cash flows if the direct method is used

B) a noncash transaction and would be reported in the body of the statement of cash flows

C) a cash transaction and would be reported in the body of the statement of cash flows

D) a noncash transaction that is not reported in the body of a statement of cash flows

Frequently Asked Questions

What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Significant Noncash Activities concept. You can view video lessons to learn Significant Noncash Activities. Or if you need more Significant Noncash Activities practice, you can also practice Significant Noncash Activities practice problems.

What is the difficulty of this problem?

Our tutors rated the difficulty ofThe acquisition (purchase) of land in exchange for shares of...as medium difficulty.