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Home Q & A Board Other Fields Homework Help Business Accounting
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justxdrive justxdrive
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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
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Managerial Accounting

Managerial Accounting


Edition: 4th
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linakhalaflinakhalaf
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As a non-cash investing and financing transaction
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