Klein Corp acquired land by issuing its common stock. How should this transaction be disclosed when a statement of cash flows is prepared?
a. In a supplemental schedule of noncash investing and financing activities or in a note.
b. The acquisition of land should be reported as an investing activity and the issuance of the stock as a financing activity.
c. Using the master T-account approach.
d. The transaction does not need to be disclosed.
a
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