question 24 where is the purchase of land and a building in exchange for a mortgage reported, if at all…

question 24 where is the purchase of land and a building in exchange for a mortgage reported, if at all, when the indirect method is used to prepare the operating activities sections of the statement of cash flows? financing activities section operating activities section does not represent a cash flow investing activities section

question 24 where is the purchase of land and a building in exchange for a mortgage reported, if at all, when the indirect method is used to prepare the operating activities sections of the statement of cash flows? financing activities section operating activities section does not represent a cash flow investing activities section

Answer

Brief Explanations:

The purchase of land and building in exchange for a mortgage is a non - cash investing and financing activity. It is not reported in the operating activities section when using the indirect method to prepare the statement of cash flows. Investing activities involve long - term asset transactions, and financing activities involve liabilities and equity transactions. Operating activities are related to the core business operations.

Answer:

A. Investing activities section