Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: justxdrive on Feb 5, 2023



Title: Michael's Industries purchased some land in exchange for 1,000 shares of Michael's voting common ...
Post by: justxdrive on Feb 5, 2023
Michael's Industries purchased some land in exchange for 1,000 shares of Michael's voting common stock with a market value of $15 each. How will this transaction be reported on the statement of cash flows?

▸ As a non-cash investing and financing transaction

▸ As a use of cash in the investing section and a source of financing in the financing section

▸ As a non-cash financing transaction

▸ As a non-cash investing transaction


Title: Michael's Industries purchased some land in exchange for 1,000 shares of Michael's voting common ...
Post by: linakhalaf on Feb 5, 2023
Content hidden