X Co, issued $ 50,000 common shares for an exchangeof lands. the effect should be.aoutflow in the financing activities.bno effect in the statement of cash flows.Coutflow in the operating activities.dinflow in the cash flows from financing activities

Cash flow referred as the net value of cash and cash equivalent transferred as in and out of…

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X Co, issued $ 50,000 common shares for an exchange of lands. the effect should be

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 6DQ

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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

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X Co, issued $ 50,000 common shares for an exchange
of lands. the effect should be
.a
outflow in the financing activities
.b
no effect in the statement of cash flows
.C
outflow in the operating activities
.d
inflow in the cash flows from financing activities

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