Preferred stock issued in exchange for land would be reported in the statement of cash flows in

A) the cash flows from financing activities section
B) the cash flows from investing activities section
C) a separate schedule
D) the cash flows from operating activities section

Preferred Stock

A class of stock issued by a corporation that bears preference rights, such as a preference to dividends before common stockholders.

Financing Activities

Transactions and events that affect long-term liabilities and equity of a company, such as issuing shares or taking loans.

Investing Activities

Refers to the acquisition and disposition of long-term assets and other investments not included in cash equivalents.