Multiple Choice
Match each of the following line items with the type of activity.
-purchase of land in exchange for stock
A) operating activities
B) investing activities
C) financing activities
D) noncash item
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q39: The income statement for Lilly's,Inc.for the year
Q40: Cash budgets allow companies to plan for
Q41: Team Shirts,Inc.had $12,000 of insurance expense and
Q42: Cash paid for salaries will be less
Q43: The indirect method of preparing the statement
Q45: On January 1,2011,Company X had accounts receivable
Q46: Team Shirts,Inc.paid $3,250 for advertising.This is an
Q47: Team Instructions: Divide the class into teams
Q48: Negative cash flow from financing activities on
Q49: The statement of cash flows shows all