Multiple Choice
Shield Company just started in business, and it was looking for additional capital in order to purchase a property to build their headquarters. They found an investor who was willing to sell them land worth $700,000 in exchange for stock in the company. How would this transaction be shown on the statement of cash flows?
A) in the investing activities section
B) in the non-cash investing and financing activities section
C) in the operating activities section
D) in the financing activities section
Correct Answer:
Verified
Correct Answer:
Verified
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