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A company acquired some land (independently appraised at $12,200) and paid for it by issuing...

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Accounting

A company acquired some land (independently appraised at $12,200) and paid for it by issuing 1,020 shares of its common stock (par $10 per share; no market price was quoted). How should this be reported on the statement of cash flows? The transaction should not be reported on the statement of cash flows. Report $12,200 as inflow and outflow of cash. Report $12,200 as an inflow of cash. Report in a schedule of significant noncash investing and financing activities.

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