Morgan Corporation acquired land by issuing its common stock. How should this transaction be disclosed when a statement of cash flows is prepared?
A) On the face of the statement of cash flows or in the notes to the financial statements.
B) The acquisition of land should be reported as an investing activity and the issuance of the stock as a financing activity.
C) In the operating activities section under the indirect method.
D) The transaction does not need to be disclosed.
A
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