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Belle Co. issued 1,000 shares of privately held common stock, $1 par and paid cash...

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Accounting

Belle Co. issued 1,000 shares of privately held common stock, $1 par and paid cash of $50,000 to purchase land with a fair value of $200,000. The fair value of the common stock is not readily determinable. What is the impact on the statement of cash flows including any required disclosures?

Select one:

a. Investing cash outflow of $200,000; Financing cash inflow of $150,000; Noncash disclosure of a $200,000 exchange of common stock for land.

b. Investing cash outflow of $200,000; Financing cash inflow of $150,000; Noncash disclosure of a $150,000 exchange of common stock for land.

c. Noncash disclosure of a $150,000 exchange of common stock for land.

d. Investing cash outflow of $50,000; Noncash disclosure of a $150,000 exchange of common stock for land.

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