In what section of the statement of cash flows will the issuance of bonds payable to acquire a building be reported?

Cash inflow from Financing Activity.

Explanation:

We know, that issuance of bonds = Financing Activity in cash flow statement.

But only the transactions involving cash transactions are recorded in cash flow statement.

Thus, here the purpose of issue of bonds is to acquire a building, but it is not issued in exchange of building.

Thus, the cash collected from issue of bonds will be used for the acquisition of building therefore, cash collected through issue of bonds is cash inflow from financing activity.

When the building will be bought it will be cash outflow in investing activity.

Final Answer

Cash inflow from Financing Activity.