Vicky4377 Vicky4377
  • 01-12-2021
  • Business
contestada

the issuance of stock for cash is reported on the statement of cash flows under

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mguillez90 mguillez90
  • 07-12-2021

Answer: Finance Activities

Explanation: The issuance of stock is reported on the financing activities in a statement of cash flow. Businesses fund their operations either by the issuance, (sale) of stock or shares which is equity or receiving a bond or note payable which has to be repaid plus its interest which is liability. A transaction that involves a liability or equity will be reported under the financing activities section in a statement of cash flow.

Hope this explanation helps.

Best to you.

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