Asked by
Mostafa Mamdouh
on Oct 15, 2024
Verified
A purchase of land in exchange for shares of stock is disclosed at the bottom of the statement of cash flows or in a note to the statement.
Statement of Cash Flows
A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.
Shares of Stock
Units of ownership interest in a corporation or financial asset, representing an equal proportion of the company's capital.
- Identify transactions that are not reported in the cash flows but disclosed separately.
Verified Answer
JA
Learning Objectives
- Identify transactions that are not reported in the cash flows but disclosed separately.
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