The correct option is D Issuance of common stock to acquire land
As per AS-3, investing and financing transactions that do not require the use of cash or cash equivalents should be excluded from a cash flow statements. Such transactions should be disclosed elsewhere in the financial statements in a way that provide all the relevant information about these investing and financing activities. Example of such transaction are acquisition of land by issue of equity shares or redemption of debenture by issue of equity shares.