Indicate where the event purchased land for cash would appear, if at all, on the indirect statement of cash flows.
A) Operating activities section
B) Investing activities section
C) Financing activities section
D) Does not represent a cash flow

Question

Quizplus · Accepted Answer

The event of purchasing land for cash falls under investing activities, as it represents an investment in a long-term asset.

Indicate Where the Event Purchased Land for Cash Would Appear