A company issues common stock to purchase land. How is this significant non-cash transaction reported under GAAP and IFRS?

Both GAAP and IFRS disclose it in the notes to the financial statements.

Under GAAP, it is disclosed in notes; under IFRS, it is in cash flow statement.

Both GAAP and IFRS report it directly in the cash flow statement activities.

Under GAAP, it is reported in the cash flow statement; under IFRS, it is disclosed in notes.