The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is: a. Operating acti

Question

2 years ago

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The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is: a. Operating acti

vities. b. Financing activities. c. Investing activities. d. Schedule of noncash investing or financing activity. e. This is not reported on the statement of cash flows.

Business

1 answer:

Yuri [45] · Answer 1 · 2022-09-26T15:37:51+03:00

Answer:

b. Financing activities.

Explanation:In the financial activities section of the statement of cash flows, the operations related to the entry and exit of funds for activities that increase the liability or stockholders´equity, but that do not make the main activity of the company must be recorded. Such as: issuance of common stock for cash.