Question

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:_______

Answer 1

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is schedule of noncash investing or financing activity.

The various transactions that involve the transfer of money from the company to its owners, creditors, or investors in order to achieve long-term growth and economic objectives are referred to as financing activities. These transactions have an impact on the equity and debt liabilities that are shown on the balance sheet; these transactions can be examined through the cash flow from finance section of the cash flow statement of the business.

Simply put, financing activities refer to the process by which the promoters or owners of the company raise money or return it in order to expand and invest in assets like buying new machinery, opening additional offices, hiring more staff, etc. The assets and liabilities of the company over the long term are impacted by these transactions, which are typically a component of a long-term growth strategy.

Learn more about Financing here brainly.com/question/15031166

#SPJ4