Moss, Inc. acquired land by issuing $665,000 of capital stock. No cash changed hands in this transaction.

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Moss, Inc. acquired land by issuing $665,000 of capital stock. No cash changed hands in this transaction. Will the transaction be disclosed in the company's statement of cash flows? Explain.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Jun 10, 2016 05:19 AM

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Moss, Inc. acquired land by issuing $665,000 of capital stock. No cash changed hands in this transaction.

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Financial and Managerial Accounting the basis for business decisions

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